The recent pop higher in Ford (F) shares came on some very strong turnover. With the price action, we can see this move was a reliable shift higher.
In fact, noticing the candles in the chart are now blue, we see higher-highs and higher-lows, the recent touch of the 200-day moving average was met with some selling.
For a detailed look at the chart, click here.
But the stock is right back up there and near the $14 range. The Moving Average Convergence Divergence (MACD) oscillator is still strong, as the stock moves sideways and consolidates. Relative strength is up, but is now flattening out.
The stock may be rangebound for a bit longer, but a pullback toward $13.5 would be a good spot to add more shares.
We also like the strong dividend yield.