Ford Motor Company (NYSE: F) was up 8% on Friday, fueled by both a positive market day and an upgrade from Morgan Stanley,
which upgraded the company to Equal-Weight and established a $13 price target.
The news may help Ford ultimately reverse course into an uptrend, but for the time being, the stock remains in a downtrend,
as it has been since Jan. 13 when Ford reached a new 52-week high of 25.87.
On the chart, a downtrend happens when a stock repeatedly makes lower lows and lower highs.
Lower lows suggest that the bears are in charge, while lower highs imply periods of consolidation.