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Look for Shares of Thor Industries to Potentially Rebound after Yesterday's 1.12% Sell Off

By Amy Schwartz

Thor Industries (NYSE:THO) traded in a range yesterday that spanned from a low of $102.45 to a high of $107.08. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $106.45 on volume of 863,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Thor Industries on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $140.02. Since that call, shares of Thor Industries have fallen 23.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Thor Industries share prices have moved between a 52-week high of $161.48 and a 52-week low of $60.05 and are now trading 78% above that low price at $106.64 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%.

Keywords: rebounders thor industries

Ticker(s): THO