Toyota Motor Dips On Recall News

Toyota Motor Corp.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 InTheMoneyStocks.com