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Thor Industries, Inc.Thor Industries, Inc.Thor Industries, Inc.

Thor Industries, Inc.

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THO trade ideas

Did Thors earning beat give it upside potential? Did Thor industries earnings beat give the stock a potential for upside? Maybe Now lets look, Thor has had some pretty heavy earnings beats for at least the past year, steadily increasing each earning. They as well had announced a share buy back, so that makes it look more enticing right? Overall fundamentals look pretty solid right? Now let's look at why the stock might be falling. The part shortage issues have hit the industry pretty hard. Economic inflation on the rise (less likely for people to go out and buy a travel trailer with the CPI reports right?) Gas prices on the rise with oil skyrocketing. Covid-19 restrictions have been lifted in most areas in the US now. A revenue growth over the past 2 years that has 2x-4x's its mean revenue (granted I do realize they have acquired more subsidiaries, though is it sustainable? ) In their earnings report they did speak of "making sure they don't "overproduce" even with the backlog they have acquired coming into camping season. I would say it really boils down to how many people are going to want to go out and buy a brand new RV in the economical uncertainties right now. Along with gas prices on the rise, with no exact sight on when fuel prices are going to level off at. Now as you are reading this, your probably like wow NinjaNew you seem pretty bearish on the stock, well that is for the midterm I am, but that doesn't mean I don't think the stock will see some more upside. With the earnings beat consecutively, along with the consistent revenue growth, I do think some people will step in a prop the stock back up, or at least try. Now lets talk about price targets. Entry #1 if it breaks above $89.00 Entry #2 if it fades back and holds the $87.00 area Target #1 $93.00 - $96.50 Target #2 $100.00 - $107.00 ( yes, I know thats a broad target, but with this markets uncertainty, you simply have to play price action). What are your thoughts on Thor Industries? Comment below
NYSE:THO
by TheStockOdin
THOR (Thor Industries) - Bullish end to quarterThor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. A little late to this one, but still good upside ahead. Analysis/Commentary Strong EPS and Sales Growth Y-on-Y - Positive indicators on Heiken Ashi and Fast/Slow MACD's Based on the study of the previous quarterly earnings reports and subsequent price moves: - Current quarter has given price move to the MID target - Expectation for the price to move on toward HIGH TARGET - Trailing stop-loss on price above MID point GOOD LUCK. DO YOUR OWN RESEARCH!
NYSE:THOLong
by kennzo
THO BreakoutEDIT: Sorry I didn't notice the KEY is unlabeled . -The top red box in the key indicates stop losses -The bottom green box in the key indicates buy zones Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet. Mostly due to the extreme swings it has. (Beta is just under 2.4 so this thing is pretty volatile) This isn't one of my most confident trade ideas but I like following this stock and its a pretty fun stock to follow and predict. Obviously with the high Beta, if we see a move into a bear market this stock could test the lower demand zones above $100 very quickly. ($110 range for higher demand, and $101-$103 for the lower demand range)
NYSE:THO
by rickhubbard10