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While Wall Street watches Tesla, Ford is staging a quiet breakout

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Tesla is taking off this month, posting its first weekly back-to-back gains of 2019, and reversing course after a sharp downturn earlier this year.

But, while Wall Street watches the Tesla comeback, Ford Motor is making a quieter breakout. The stock is up 36% this year, its best since 2010.

This is just the beginning for Ford, says Matt Maley, equity strategist at Miller Tabak.

“It’s already setting up quite nicely. If you look at the stock, it broke above its trend…



Source cnbc.com

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