Business Chart of the Day: Is the Ford Rally Over?

Ford Motor Company' logo is seen on the side of the building at the unveiling of their new electric F-150 Lightning outside of their headquarters in Dearborn, Mich., on May 19, 2021. Jeff Kowalsky/AFP via Getty Images

They say that markets have memories. And if it’s true, there’s a good chance the rally in shares of Ford Motor Company may be about to end.

A market memory is a reference to a support or resistance level retaining its importance for an extended period of time. In the case of Ford, it may be the $16.25 level.