$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.