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Is Ford Headed For A Gap FIll? Here's Why The Stock Could Charge Toward $20

Benzinga Real-time News · Aug 11, 2022 11:40

F -0.12%

Ford Motor Co(NYSE:F) shares are trading higher Thursday after a bullish day in the general markets on Wednesday helped the stock close up over 2%.

The legacy-turning-electric vehicle manufacturer has spent the last five trading days consolidating after a massive six-day post earnings ramp saw Ford soar 26% between July 27 and Aug. 3.

The massive surge coincided with the break up from a bull flag pattern on the daily chart, which Benzinga pointed out just prior to the company's second-quarter earnings print.

It now appears Ford may be completing a second consecutive flag within a bull...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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