Ford touches the SMA resistance - Analysis - 25-05-2016

Ford Motor Company's stock rose in the intraday levels, scoring a profit of 1.22% in the last session, or 0.16 points, with the stock touching the resistance of the SMA for the last 50 days period, while being hurt by exiting  a negative technical pattern that formed previously in the short term, the Rising Wedge pattern. 

Therefore we expect the stock to return lower in the coming trading, targeting the support of 12.39.