Ford is breaking out to new highs on a surprise announcement that the company plans to spend even more on electric vehicles into 2025...8 billion more than expected. New CEO Jim Farley is also creating some buzz around leading the company with a fresh innovative focus. Here's the chart. The March highs were followed by a steady downtrend channel that aligned with the overall market. The slide stopped at solid support just below $12. This was followed by a breakout of the downward channel and up to new highs. If the stock can hold above $13, that level will likely be new support going forward. There's a lot to like about the fundamental and technical analysis of #F. Disclosure: #F is a Stock PRO holding, however, this is not an investment recommendation.