Latest Automotive News
This section of Torque News provides the latest auto news and updates from the car manufacturers. Every day number of news stories and editorials are published here that give our readers an overview of what is happening in the automotive industry. Read this section daily to find out about new cars, vehicle reviews and car pictures. Torque News is an automotive news website by Hareyan Publishing, LLC, dedicated to covering the latest news, reviews and opinions about the car industry.

By Frank Sherosky Jan 5 2011 - 3:42pm
Toyota stock shows strength despite drop in sales rank
Toyota (NYSE: TM) has been trading above its 50-day moving average since early November, but in a sideways channel. The weekly chart shows a breakout movement from late October that’s still in place. However, it’s the monthly chart that goes back to 2009, when the industry unraveled, that tells the overall story.

By Frank Sherosky Jan 5 2011 - 1:32pm
GM stock posting higher highs since IPO
Ask any investor who believes in technical analysis. Stocks that breakout to the upside or to the downside need to be accompanied by high volume. GM has yet to exceed any of the post-IPO high volume days, even on the breakout of December 30. At best, the GM stock price on Jan. 3 made a new high, with volume of 32 million shares registering #4 on the volume hit parade.
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