Watch These Ford Price Levels as Automaker’s Stock Plunges After Earnings Miss [Video]

Ford (F) shares tumbled nearly 14% in premarket trading Thursday after the automaker reported quarterly earnings that came in below expectations and kept its full-year bottom-line outlook unchanged, as warranty costs continued to weigh on the company’s profitability.

Below, we take a closer look at the Ford chart and use technical analysis to locate key price levels to watch amid anticipated earnings-driven selling pressure.

Since breaking out from a descending channel in late June, Ford shares continued trending higher for several weeks but have undergone a retracement in recent trading sessions leading into the carmaker’s quarterly results.

Moreover, the relative strength index (RSI) has fallen below overbought levels, indicating softening price momentum.

Amid an earnings-related sell-off, investors should keep an eye on three key areas on the Ford chart where the shares could attract buying interest.

The first sits around $12, a level where the price may encounter support near the 200-day moving average (MA) and a …