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Toyota Motor Crosses Above its 10-day MA (TM)

By Shiri Gupta

Today, shares of Toyota Motor (NYSE:TM) have advanced above their 10-day MA of $103.61 on a volume of 142K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Toyota Motor have traded between a low of $97.80 and a high of $142.34 and are now at $106.81, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.3%.

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