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Look for Shares of Thor Industries to Potentially Rebound after Yesterday's 2.89% Sell Off

By James Quinn

Thor Industries (NYSE:THO) traded in a range yesterday that spanned from a low of $43.69 to a high of $44.80. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $44.99 on volume of 641,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Thor Industries have traded between the current low of $43.80 and a high of $109.94 and are now at $43.96. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.6%.

Keywords: rebounders thor industries

Ticker(s): THO