Ford Lower Despite Q1 Beat

Ford Motor Company F shares are trading lower by $0.25 (1.5 percent) at $11.35 in Thursday's session.

The stock is in the red despite posting a Q1 beat of $0.03 along with a huge revenue beat of $1.78 billion.

After a higher open, Ford's stock immediately found resistance just ahead of Wednesday's high ($11.70) at $11.68 and reversed course. It has continued to make new lows for the session and is trading around its low for the day.

Based on the daily charts, there are multiple lows from its current area down to the low for move, which was made on April 18 at $11.08. All told, there were 13 daily lows between $11.08 and $11.28 from April 3 through April 20.