Ford Motor Back Above 50-Day Moving Average on Analyst Upgrade

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 |  About: Ford Motor Company (F)
by: Bespoke Investment Group

Ford Motor (NYSE:F) is up 3% on the day after receiving an upgrade from Underperform to Neutral at Credit Suisse. The move has put Ford back above its 50-day moving average, and the downtrend that has been in place for the past few months has been broken.

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For those interested, below is a chart showing the historical calls on Ford from Credit Suisse. While it's nice to see the stock trade higher, investors probably shouldn't be bidding the shares up because of today's upgrade.

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