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Bearish Moving Average Cross by Thor Industries (THO)

By James Quinn

Thor Industries (NYSE:THO) crossed under its 10-day moving average of $97.20 on a volume of 152K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Thor Industries share prices have moved between a 52-week high of $115.74 and a 52-week low of $47.56 and are now trading 99% above that low price at $94.84 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Thor Industries and will alert subscribers who have THO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses thor industries

Ticker(s): THO