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However, because semiconductor chip shortage could worsen due to the resurgence of COVID-19 cases worldwide, the auto manufacturer’s production and sales growth could be hampered in the coming months.
In addition, the stock is trading 20.5% below its 52-week price high of $16.45, which it hit on June 4. Also, F is currently trading below its 50-day moving average of $14.14 but higher than its 200-day moving average of $11.97, which does not indicate a robust uptrend.
