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Toyota Motor Bearish Moving Average Crossover Alert (TM)

By James Quinn

Toyota Motor (NYSE:TM) crossed under its 10-day moving average of $105.47 on a volume of 166K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Toyota Motor has traded in a range of $97.80 to $142.84 and is now at $104.20, 7% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Toyota Motor. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Toyota Motor in search of a potential trend change.

Keywords: moving crosses Toyota Motor

Ticker(s): TM