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Ford Bearish Daily Chart Setup

Jul. 22, 2013 2:14 PM ET
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Ford Motor Company (NYSE:F) is forming a bearish daily chart. This classic action tells investors the stock will likely fall in the near future. Notice the sideways action ever since the top on July 15th and the sharp drop on July 16th, 2013. This inside bar action is known as a bearish formation. The current price of Ford is $16.96, +0.20 (1.19%). Downside targets would be at $16.00 and $14.50. The pattern would fail with any close above the 52 week high of $17.29.

Gareth Soloway

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