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TMCNet:  After Yesterday's Rally of 2.41% Shares Could Potentially Pullback

[December 27, 2012]

After Yesterday's Rally of 2.41% Shares Could Potentially Pullback

Dec 27, 2012 (SmarTrend(R) News Watch via COMTEX) -- Toyota Motor (NYSE:TM) traded in a range yesterday that spanned from a low of $91.31 to a high of $92.61. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $91.38 on volume of 684,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


SmarTrend recommended that subscribers consider buying shares of Toyota Motor on November 16th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.82. Since that recommendation, shares of Toyota Motor have risen 10.4%. We continue to monitor TM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Toyota Motor share prices have moved between a 52-week high of $92.69 and a 52-week low of $64.05 and are now trading 44% above that low price at $92.54 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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