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

By Shiri Gupta

Toyota Motor (NYSE:TM) crossed under its 10-day moving average of $102.01 on a volume of 220K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $100.27, which is 3% 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 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