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Recent 52-Week High Exceeded in Shares of Toyota Motor (TM)

Published on Fri, 08/02/2013 - 15:04
By Mallory Stone

Shares of Toyota Motor (NYSE:TM) traded at a new 52-week high today of $132.36. Approximately 935,000 shares have changed hands today, as compared to an average 30-day volume of 459,000 shares.

In the past 52 weeks, shares of Toyota Motor have traded between a low of $74.27 and a high of $132.36 and are now at $132.25, which is 78% above that low price. The 200-day and 50-day moving averages have moved 0.91% higher and 0.32% lower over the past week, respectively.

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 (NYSE:TM) has potential upside of 2.8% based on a current price of $132.25 and analysts' consensus price target of $135.93. The stock should find initial support at its 50-day moving average (MA) of $122.88 and further support at its 200-day MA of $104.10.

By Mallory Stone