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After Yesterday's Decline of 7.84%, Thor Industries Offers Investors Better Value

By Amy Schwartz

Thor Industries (NYSE:THO) traded in a range yesterday that spanned from a low of $55.51 to a high of $59.99. Yesterday, the shares fell 7.8%, which took the trading range below the 3-day low of $63.32 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Thor Industries share prices have been bracketed by a low of $63.32 and a high of $161.48 and are now at $64.31, 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Thor Industries on November 15th, 2018 by issuing a Downtrend alert when the shares were trading at $67.66. Since that call, shares of Thor Industries have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders thor industries

Ticker(s): THO