Toyota Motor Corp.(NYSE:TM) has been plagued by recalls. Today the stock is trading lower again as the company announces another round of auto recalls. The stock is trading lower by $1.38 to $82.47 a share. There will be short term intra-day support for Toyota stock around the $82.00 level. This is an area where traders can look for a small intra-day bounce. Please remember if the overall stock market starts to decline it will take weak stocks lower than their near term support levels.
Nicholas Santiago
InTheMoneyStocks.com
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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
