Watch These Ford Price Levels as Stock Drops After Automaker Issues Soft Outlook

Key Takeaways Ford shares dropped 6% in extended trading on Monday after the automaker posted third-quarter profit below Wall Street expectations and trimmed its full-year outlook. The stock has consolidated within an ascending triangle, a chart pattern that can signal a move lower if formed within an established downtrend. Investors should watch key support levels on Ford's chart around $9.50, $8.70, and $7.50. A breakout above key resistance at $11.30 could act as a catalyst for a bullish trend reversal. ...