Whilst the main market closed moderately mixed, there was further significant weakness in Ford (F), which settled -1.8% @ $11.40, the lowest level since late February. There is little support until price cluster of $11.20/00, and then the Feb'3rd low of $10.65.
Suffice to add... Ford remains one of the market's most unloved corporate giants.
Forward PE - if extrapolating from Q3 earnings, is no higher than 11/10. Based on mainstream estimates, the PE is arguably in the 6s.
The current yield is 5.1%... and there seems no reason to believe the dividend will be cut.
Seen on the giant monthly cycle, the $16 threshold remains massively powerful resistance. For the more 'conservatively bullish' out there, it remains a case of waiting for a monthly close in the $16s before getting involved. With the current price in the mid $11s though, that is a clear 40% higher.