Toyota Motor Corporation (NYSE:TM) Gets Slammed Again...Is It A Buy?

Short term Toyota Motor Corporation (NYSE:TM) may just be at that special price for a swing trade buy. Toyota has been slammed of late after announcing countless recalls and problems with their cars. The stock has collapsed from a high on January 19th, 2010 of $91.97 to a low today of $71.90. Between $72.00 and $72.50 there is a massive level of support that may yield a short term multi day bounce back to $75.00 or more. Look for this level to yield significant near term support. However, it may not last long term. As a Chief Market Strategist I am just looking for a short term bounce on Toyota Motor Corp.