Joined: 15 Apr 2010
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Wed Jan 26, 2011 4:00 pm Reply with quote
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.