Automaker Ford Motor Co. (F) is expected to announce new job cuts at its two car-manufacturing divisions. At many other companies you have seen this kind of news as being positive for the stock price. No so for Ford, at least today. Let's check the charts and indicators.
In this daily bar chart of F, below, I can see that prices rallied to the upper end of an $11 to $14 trading range. Prices stalled in this area in November and early February. Trading volume has not expanded in June on this current advance and that is disappointing. The slope of the 50-day moving average line is positive but the slower-to-react 200-day moving average line is still pointed down.
The On-Balance-Volume (OBV) line rose from a low in May but it too has stopped short of prior highs. The trend-following Moving Average Convergence Divergence (MACD) oscillator is above the zero line but it has weakened and could cross to a take profit sell signal.