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Thor Industries Looks to Continue to Trade Below its Annual-Low Share Price Today

By James Quinn

Thor Industries (NYSE:THO) traded today at a new 52-week low of $47.62. Approximately 99,000 shares have changed hands today, as compared to an average 30-day volume of 742,000 shares.

Potential upside of 226.4% exists for Thor Industries, based on a current level of $47.62 and analysts' average consensus price target of $155.45. The stock should run into initial resistance at its 50-day moving average (MA) of $56.53 and subsequent resistance at its 200-day MA of $61.40.

Thor Industries, Inc., through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles.

In the past 52 weeks, shares of Thor Industries have traded between the current low of $47.62 and a high of $109.94 and are now at $47.62. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.4%.

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