Ford Motor Beat On Earnings But The Stock Failed At A Key Level. Here’s How To Trade It Now.

Ford Motor Beat On Earnings But The Stock Failed At A Key Level. Here’s How To Trade It Now.

(Photo by Bryan Mitchell) Ford F reported a second-quarter profit, but revenue missed expectation because of shortage of semiconductor chips. Even with cuts in production, Ford raised its full-year earnings guidance. The stock rebounded on July 29 but failed at its weekly pivot at $14. 72. It ended this day below its 50-day simple moving average. Ford had a golden cross buy signal on its daily chart back on September 22, 2020, when the stock closed at $6. 78. The stock also had a breakout above its 200-week simple moving average or reversion to the mean at $9. 41 during the week of January 15, 2021. These were major buying opportunities. The Daily Chart for Ford Motor Daily Chart for Foord Motors. Courtesy of Refinitiv Xenith. Look at the lower left-hand corner for Ford's daily chart. Note the golden cross buy signal from $6. 78 on September 22, 2020. This occurred when the 50-day simple moving average rose above the 200-day simple moving average. In this formation buying weakness to the 50-day SMA provided buying opportunities. On January 4, 2021, the 50-day was tested at $8. 67. Another buy signal occurred when the 50-day was tested at $11. 71 on