FORD MOTOR CO - NYSE: $F Ready To Break Higher?

After gapping higher in late April on meaningful volume, the shares of FORD MOTOR CO - NYSE:F have been consolidating and in the process, building-out its right side as is evidenced in the Daily chart above.

In addition, we can also observe that F presently trades above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture.

However, and perhaps most importantly, F is now rapidly approaching a potential key inflection point and may just be gearing-up for a move into higher ground.

Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for if F can go topside of the $10.55 figure and 'stick', we may just witness a rapid move into the $12 - $12.50 zone moving forward.

Therefore, you may want to put the shares of F front-and-center on your radars as the stock is presently knocking on the door seeking further potential upside.