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.
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.
Good news is, peace has been restored between GM and the Montana mining company that provides precious metals for emission-reducing catalytic converters.
According to the TRW news release, the presentation, which will be simultaneously webcast, is scheduled to begin at 10:15 a.m. (Eastern Time), and is expected to run for approximately forty minutes.
During the presentation, TRW's president and chief executive officer, John C. Plant, and executive vice president and chief financial officer, Joseph S. Cantie, will provide a general business overview and discuss other related matters, followed by a brief question and answer period.
For certain we will see the continuation of technical innovations like Ford’s EcoBoost engines that have the power of a V8 in a 6 cylinder, but the gas mileage of a 4 cylinder. Moreover, we will continue to see the mainstream deliveries of a plethora of plug-in hybrid vehicles, like Chevy Volts, Nissan Leafs and Fisker Karmas. Even the Toyota Prius will follow suit with its own version of a plug-in.
Let me explain who she came to smile on me recently. The annual New England Motor Press Association Ragtop Ramble, a gathering where members drive convertibles and other sport cars north from Boston to Kennebunkport, Maine, commences with the selection of keys from a lockbox to determine what your first car of the day is going to be.
So, it was with no reservation that I welcomed the opportunity to make the drive recently with Cliff Atiyeh, auto channel guru at Boston.com. Then he dropped the bombshell that our ride would be a 2011 Bentley Continental GC Speed 80-11.
At first I feared my role would be as navigator (and even then I would be supplanted by an iPhone). Then when I found out the Bentley fleet specialist Robin March would be tagging along I was convinced it would be 240 miles of small talk while Cliff got all the fun.
