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Shares of Thor Industries Fall to a New 52-Week Low

By Nick Russo

Thor Industries (NYSE:THO) traded at a new 52-week low today of $87.05. Approximately 354,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

In the past 52 weeks, Thor Industries share prices have been bracketed by a current low of $87.05 and a high of $161.48 and are now at $88.02. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 0.3%.

Thor Industries has overhead space with shares priced $88.02, or 43.4% below the average consensus analyst price target of $155.45. The stock should find initial resistance at its 50-day moving average (MA) of $96.15 and further resistance at its 200-day MA of $114.27.

Thor Industries, Inc. produces and sells a wide range of recreation vehicles. The Company offers motorhomes, camping, fifth-wheel, and travel trailers. Thor Industries serves customers in the United States and Canada.

SmarTrend is monitoring the recent change of momentum in Thor Industries. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Thor Industries in search of a potential trend change.

Keywords: 52 week high/lows thor industries

Ticker(s): THO