Sentiment in the U.S. stock market is mostly positive today, with Ford Motor (F.US) shares standing out among the automotive sector on the rise. The company reported progress in negotiations with striking UAW unionized workers. At the same time, however, the UAW said it would extend its strike against General Motors (GM.N) (shares are down 0,5%) and the Stellantis (STLAM.MI) holding company, which owns Chrysler's factories in the Detroit district.
Ford Motor (F.US) shares rebounded from the 61.8 Fibonacci retracement of the upward wave from the spring of 2020, but recently reacted with a decline to an attempt to climb above $12.7 where the SMA200 (red line) runs. At the moment, the company's shares are in a key zone - a move out of it could potentially bring broader reactions in either direction.
Start investing today or test a free demoOpen account Try demo Download mobile app Download mobile app
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.