Business Chart of the Day: Is Ford’s Stock Ready to Rip Higher?

Business Chart of the Day: Is Ford’s Stock Ready to Rip Higher?
A Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. Wolfgang Rattay/Retures
Benzinga
Updated:

It looks like shares of Ford Motor Company have broken out. That means there’s a good chance the stock continues to move higher.

Resistance is a large group or concentration of investors who are all trying to sell at the same price. At resistance levels, there is more supply than there is demand. This is why stock rallies end when they reach them.