Despite the Transports index settling higher by a significant 1.2% @ 8510, it was another dowdy day for Ford (F), settling -0.4% @ $15.20. Near term outlook is for continued weak chop, with broader downside to the low $13s.. if the broader market sees a sig' correction this summer/early autumn.
Little to add.
If the main market rolls lower at some point this summer, there looks to be viable downside to at least the Oct' low around $13.
Long term outlook is bullish to the mid $20s by 2017, especially if rates begin to rise later this year.