Ford Motor Company (NYSE: F) shares fell in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile in early trading, the Dow Jones Industrial Average DJIA, +0.31% rose 24 points, or 0.1%, to 19,883, while the S&P 500 index ESH7, +0.13% dipped less than 1 point to 2,268. The Nasdaq Composite COMP, +0.02% which reached its fourth-straight record close on Tuesday, rose 1 point to 5,553.
Analysts at Goldman Sachs Group, Inc. (The) reiterated a Neutral rating on shares of Ford Motor Company (NYSE: F) in a reserach note to investors, making it one of the more closely watched stocks on Wall Street. Goldman Sachs Group, Inc. (The) currently has a rating of Neutral on the stock. The one-year price target of $12.79 is higher than the opening price of $12.71, that has caused a fair amount of other analysts to comment on the stock recently. Looking back over the last year, Ford Motor Company stock has a high of $14.22. Stock prices often shift to the upside on recommendations and new price targets of professional brokerage firms.
Shares of Ford Motor Company (NYSE: F) opened at $12.71 yesterday and traded in a range between, $12.57 and $12.72, and last traded at $12.67, a drop of $0.18 from the previous closing price.
Ford Motor Company (NYSE: F) currently has a market cap of 50.34B.
Ford Motor Company (NYSE: F) Average Daily Trading Volume
9,084,476 shares traded hands yesterday, 65 percent below normal, out of a total float 3,671,791,000. lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you’re considering.
Ford Motor Company (NYSE: F) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for Ford Motor Company (NYSE: F) have ranged from $11.02 – 14.2200, and the stock now has a 50-day MA of $12.50 and 200-day MA of $12.40. Today’s last price is 10.92%% under the 52 week high of $14.22.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors identify companies that have increased their earnings by at least 25% over 3 consecutive years.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.