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

Thor Industries, Inc.

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THO trade ideas

Thor Industries (THO) Technical AnalysisThe Idea is to go long, but just wait the right signal based on the breakout/ no breakout of the resistance level. Thor Industries (THO) – The recreational vehicle maker reported fiscal third-quarter profit of 43 cents per share, compared to analysts’ expectations of a quarterly loss. Revenue also beat Street forecasts. Thor said it was able to adjust its cost structure to deal with the negative impact of the Covid-19 pandemic, and that sales began to improve in May as dealerships reopened.
NYSE:THOLong
by Mauriello
$THO Closes Above Long Term ResistanceTHO closed at $72.40 on 12/18/19, above its long term resistance level of about $71.16 for the first time in over a year. This move is significant as the price has also moved above its 50 day and 200 day moving averages. This move is on the back of dealership rationalization which management said should finish up by the end of 2019 and look to normalize sales to match consumer demand levels starting in 2020. Dealership inventory levels are at a multi-year low, matching levels we haven't seen since 2017 and setting up the stock for a significant out-performance of the broader US equity markets in 2020.
NYSE:THOLong
by Jhoefler
$THO Sentiment turns Bullish On Thor Industries. Entry level $61 = Target price $70 = Stop loss $59 After dropping form the $160 high the stock has recovery and formed a bottom at long last. The price action is very bullish and has performed a lovely channel break. They MA's are now support for the first time in 18 months. Volume completely dominated by buyers. P/E ratio 25. Short interest 12.55%. Company profile Thor Industries, Inc. engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles; North American Motorized Recreational Vehicles; and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ. The North American Motorized Recreational Vehicles segment comprises of Airstream, Jayco, and Thor Motor Coach. The European Recreational Vehicles segment refers to Erwin Hymer Group's (ECG) motorcaravans, caravans, campervans, urban vehicles, and other related products and services. The company was founded by Peter Busch Orthwein and Wade F. B. Thompson on July 29, 1980 and is headquartered in Elkhart, IN.
NYSE:THOLong
by Bullishcharts
$THOR So bad it may be good, Reversal trade into earningsFrom a fundamental perspective there is not a great deal of reasons to be looking to long the stock of NYSE:THO , but it looks compelling from a technical perspective. The Momentum indicator is seen as a leading indicator and in this case it is bullish as is the RSI and Stoch. This stock has been so beaten down with the entire sector, that any positive news could result in a massive jump post earnings, while there is security from tried and tested support below. This is a risky trade but could be very rewarding. AVERAGE ANALYSTS PRICE TARGET $76 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT COMPANY PROFILE Thor Industries, Inc. engages in the manufacture and sale of recreational vehicles. It operates through the following segments: Towable Recreational Vehicles, Motorized Recreational Vehicles, and Other. The Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Keystone, and KZ. The Motorized Recreational Vehicles segment comprises of operating entities such as Airstream and Thor Motor Coach. The company was founded by Peter Busch Orthwein and Wade F. B. Thompson on July 29, 1980 and is headquartered in Elkhart, IN.
NYSE:THOLong
by RedHotStocks
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