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Toyota Motor Dips On Recall News

Jan. 26, 2011 10:53 AM ETTM
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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

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