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Toyota Motor Down 20.5% Since SmarTrend Downtrend Call (TM)
Nov 16, 2011 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Toyota Motor (NYSE:TM) on August 3rd, 2011 at $80.62. In approximately 4 months, Toyota Motor has returned 20.50% as of today's recent price of $64.09.
In the past 52 weeks, shares of Toyota Motor have traded between a low of $63.53 and a high of $93.90 and are now at $64.09, which is 1% above that low price. The 200-day and 50-day moving averages have moved 0.35% lower and 0.48% lower over the past week, respectively.
Toyota Motor Corporation manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Toyota Motor.
Log in and add Toyota Motor (TM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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