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Ford Motor Company (F)

Ford Motor Company (F) has attracted renewed interest recently. After peaking in June, Ford spent the summer under distribution as shown by the trend of lower highs, but in the last six weeks, bulls started to re-assert themselves, successfully defending $12.50, a former resistance level. In September, bulls started to gain the upper hand again with a breakout over $13.50 snapping a downtrend line and causing a bearish descending triangle pattern to fail. Since then, the shares have continued to climb and yesterday they broke out over $14.75 on increased volume, confirming the start of a new upswing.

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