According to a statement by the National Highway Traffic Safety Administration made on Tuesday, an investigation has been embarked on in relation with Ford Motor Companys Fusion and Mercury Milan sedans produced within the period between 2007 and 2009. Brakes for these models may not function properly in certain circumstances, the US regulator authority said. Three cases involving a collision due to this issue have already been reported, according to the NHTSA and representatives from the NYSE-listed vehicle manufacturer. The investigation, which was initiated on December 20th, may result in a safety recall, though no such action has been announced yet.
Ford shares closed lower on Tuesday, completely erasing the gain from the previous trading session. The stock edged down 0.56% ($0.07) to $12.39, after falling to as low as $12.36, or an exact test of the low from December 23rd. In the week ended on December 25th the shares of the global automotive company lost 1.35% of their market value compared to a week ago, which marked a second consecutive period of decline, but yet, the smallest one since the week ended on October 2nd. The stock has pared its advance to 3.60% so far during the current month, after climbing 1.87% in November.
The NHTSA report revealed that whenever the Ford models in question drive through uneven or slippery surfaces, their anti-lock braking system may not operate properly, which in turn, may result in a longer distance required for the vehicles to stop and a higher possibility of a collision to occur.
Occasionally, the brake pedal of the sedans may “go soft”, while in many cases it “goes to the floor”, as claimed by Ford customers. Additionally, drivers were reported to have found themselves in the flow of traffic, especially at traffic lights, when their vehicles were not able to brake as expected.
The 2007-2009 Fusion and Milan models by Ford have already been recalled on several occasions in the past.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, todays levels of importance for the Ford stock are presented as follows:
R1 – $12.40
R2 – $12.42
R3 (Range Resistance – Sell) – $12.44
R4 (Long Breakout) – $12.47
R5 (Breakout Target 1) – $12.52
R6 (Breakout Target 2) – $12.54
S1 – $12.38
S2 – $12.36
S3 (Range Support – Buy) – $12.34
S4 (Short Breakout) – $12.31
S5 (Breakout Target 1) – $12.26
S6 (Breakout Target 2) – $12.24
By using the traditional method of calculation, the weekly levels of importance for Ford Motor Company (F) are presented as follows:
Central Pivot Point – $12.55
R1 – $12.73
R2 – $13.01
R3 – $13.19
R4 – $13.38
S1 – $12.27
S2 – $12.09
S3 – $11.81
S4 – $11.54
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