The Ford Motor Company (NYSE:F) stock has bridged a gap that began on May 26, 2010 during Monday trading.
It was filled in Monday trading which took place yesterday.
In off hours trading, the “F” stock hit a low of 11.04 which happened at 4:04 P.M. Eastern time right after normal Monday trading hours closed for the day. After encountering 11.04 in off hours trading, Ford’s stock managed gradually to rise to the 11.14 price level.
Hesitation should be applied if trading right at the opening bell, bullish indication from MACD is dwindling, slow stochastic is bearish, RSI is on the downturn, and finally even CCI is down. In the world of technical indicators, there is not much good about Ford Motor Company (NYSE:F) stock, so be on the lookout for positive news and if you aren’t in the market, you are not losing money.
Industry news for the Ford Motor Company has it that Chongqing Changan Automobile, a “F” stock automobile partner based out of China, is having discussions with Ford concerning the prospect of using Ford technology in Changan branded automobiles. The original plan is to develop a car of medium proportion. This car would be sold for a lower price than a comparable Ford model to evade direct competition with their business partner, Ford.
News more applicable for consumers closer to home in traditional Ford Motor Company markets are that Ford begins using Google Maps with their automobiles that have the “Sync to Send” feature which will be released later this month. 2010-2011 model Ford automobiles that already have SYNC TDI (Traffic, Directions & Information) capability will be able to experience the new Google Maps feature for free.