From 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.
I tend to agree. Not much lower, and if the =y say anything good about the Euro merger, it goes higher.
RedHotStocks
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@Jodi1964, Did not expect it to drop this much, once tariffs became a issue, investors started jumping ship, once those stop losses start been hit its hard to get a reversal, hopefully this is the quarter. thanks for reading our post , much appreciated
OTCMarketsExpert
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@TopMarketGainers, good call, will look for continuation