Ford Finds Support Following Q3 Report - Ford Motor (NYSE:F)

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Ford Motor Company

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(NYSE: F) shares are trading lower by $0.57 at $15.11 in Tuesday's session. The catalyst for the decline is a slight Q3 miss for revenue on $3.1 billion sales. The company attributed the EPS miss to miscalculations by analysts with respect to the company's tax rate.After a lower open, it continued in that direction until it found support in a familiar area ($14.80). That low coincides with a series of four consecutive lows from $14.82-$14.86 on October 9-14.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.