GM - Ford Enjoys Bullish Momentum But Faces Buying Pressure Ahead Of Q1 Earnings | Benzinga
Ford Motor Co (NYSE:F) will be reporting its first-quarter earnings on April 24 after market hours.
Wall Street expects 50 cents in EPS and $40.7 billion in revenues.
Ford shares haven’t gained much over the past year — up just 7.46%. So far this year, the stock is up just 7.2%.
Here's how the stock is technical setup ahead of Q1 earnings, and how it currently maps against Wall Street estimates.
Read More: Ford Stock Is Trading Higher Tuesday: What’s Going On?
Ford Stock Technical Setup Ahead Of Q1 Earnings
The technical analysis of Ford stock points towards a bullish trend. The share price is currently trading above its 8, 20, and 50-day exponential moving averages, indicating strong bullish momentum and significant buying pressure.
Additionally, the stock’s price of 12.88 is above its eight-day simple moving average of $12.39, its 20-day SMA of $12.88, and its ...