Shares of Ford (F) are trading higher this Monday but what's around the bend for this Action Alerts PLUS holding? We were positive on Ford's technical progress way back on Oct. 13 but a fresh look is warranted with a recent analyst initiation.
In the daily bar chart of F, below, we can see that prices have been bouncing off the rising 50-day moving average line in the back-end of March. The slope of the 200-day average line is positive.
The On-Balance-Volume (OBV) line has been flat since the early part of February and suggests that there is a balance between the buyers and the sellers of F.
The Moving Average Convergence Divergence (MACD) oscillator peaked in late January and has been moving downward toward the zero line. The MACD oscillator looks like it is narrowing so we could see a new buy signal in the days/weeks ahead.