Market Overview

Ford Higher On Better-Than-Expected Auto Sales

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Ford Motor Company (NYSE: F) shares are trading higher by 25 cents (1.8 percent) at $12.35 in Tuesday's session.

The catalyst for the rally is better-than-expected September auto sales. Before the open, the company reported auto sales were up 8.7 percent, which was considerably above the Street's estimates.

After a higher open, Ford's stock has been range bound, trading a lot of volume in the $12.30 handle.

The high for the day was made early in the session at $12.43, which is just under its March 20 high of $12.49. On the downside, it has found support ahead of the top of Monday's range ($12.09), as $12.22 stands as the low for the session as of 2:00 p.m. EST.

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