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Watch These Ford Price Levels as Automaker's Stock Plunges After Earnings Miss

Markets,Banking and Finance

From the Center

Ford (F) shares tumbled nearly 14% in premarket trading Thursday after the automaker reported quarterly earnings that came in below expectations and kept its full-year bottom-line outlook unchanged, as warranty costs continued to weigh on the company’s profitability. Below, we take a closer look at the Ford chart and use technical analysis to locate key price levels to watch amid anticipated earnings-driven selling pressure. Since breaking out from a descending channel in late June, Ford shares continued trending higher for several weeks but have undergone a retracement in recent trading...

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