Toyota Motor Bearish Moving Average Crossover Alert (TM)
Toyota Motor (NYSE:TM) crossed under its 10-day moving average of $120.53 on a volume of 100K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Toyota Motor share prices have been bracketed by a low of $97.80 and a high of $142.34 and are now at $120.34, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.6%.
SmarTrend recommended that subscribers consider buying shares of Toyota Motor on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.36. Since that recommendation, shares of Toyota Motor have risen 15.9%. We continue to monitor TM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Toyota Motor