THO 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...
THO is speeding up again, min 5% but in ideal up to 25% gain in couple of months. I put my order in. Earnings tomorrow.
So I'm seeing the start of an upward trend here.
Looking for a retest of ~60 area pre-earnings.. broke thru lower value area without a retest and is sitting on control price from bigger value area dating back to Oct 2018
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...
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...
To be honest, I have never heard of this company before. However, I did a small research of this company and... the company is not the worst from the point of view of fundamental analysis. so I thought, why not give it a try? the risk is ok as well. Buy @ $50-60, TP 1 $100, TP 2 $150-160, SL $40-45.
Closed below neckline today w/ new bearish momentum, IF it closes below 84.4 PT and HS confirmed then PT= 47 (46.5% decrease). Price action also broke below rectangle area pattern today Thor Q4 adjusted earnings decreased roughly 26% from the year-ago figure of $2.26. Net income declined to $88.2 million from $119.5 million in the prior-year quarter.
Textbook double bottom and back into the trading range...
Found support... Bounce here into a trading range is very likely.
Price has indeed broken out of volatlity restricting pattern. Conservative target at 170.
Looking at the stock through Can Slim lens and the current state suggests a breakout to the upside might occur. Will be watching closely.
Thor Industries has been on a tare recently, gaining over 40% in the last 12 months. The company has been experiencing high demand for its products and has worked on developing new products and revamping its existing ones. However, I believe the company's higher expenses and new market penetration costs will limit Income and Margins throughout the next quarter....