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Thor Industries Falls 2.01% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Thor Industries (NYSE:THO) traded in a range yesterday that spanned from a low of $56.18 to a high of $56.62. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $57.75 on volume of 307,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Thor Industries and will alert subscribers who have THO in their portfolio or watchlist when shares have changed trend direction.

Thor Industries share prices have moved between a 52-week high of $109.94 and a 52-week low of $47.71 and are now trading 19% above that low price at $56.62 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.9%.

Keywords: rebounders thor industries

Ticker(s): THO