In a welcome move, Ford Motor stock saw its Relative Strength Rating rise from 68 to 71 on Friday. The American automaker recently announced plans to sell a $30,000 electric truck via a new Universal EV Platform.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of above 80 as they begin their largest runs. See if Ford Motor stock can continue to rebound and hit that benchmark.
Is Ford Motor Stock A Buy?
Ford Motor stock is working on a cup with handle with an 11.99 buy point. See if the auto maker stock can clear the breakout price in heavy volume.
The American automaker saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -71% to -21%. Revenue rose from -5% to 5%. Keep an eye out for the company's next round of numbers on or around Oct. 22.
Ford Motor stock holds the No. 8 rank among its peers in the Auto Manufacturers industry group. Ferrari, XPeng ADR and General Motors are among the top 5 highly rated stocks within the group. For more industry news, check out "Automotive Industry News, Self-Driving Cars And Stocks To Watch."
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