Shares of Toyota Motor (NYSE:TM) traded today at $139.24, breaking its 52-week high. This new high was reached on approximately average trading volume as 362,000 shares traded hands, while the average 30-day volume is approximately 285,000 shares.
Toyota Motor Corporation manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.
Toyota Motor has overhead space with shares priced $138.80, or 13.3% below the average consensus analyst price target of $160.06. The stock should discover initial support at its 50-day moving average (MA) of $131.85 and subsequent support at its 200-day MA of $121.91.
Toyota Motor share prices have moved between a 52-week high of $139.24 and a 52-week low of $103.38 and are now trading 34% above that low price at $138.80 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.