In a welcome move, Thor Industries saw its Relative Strength Rating rise from 68 to 79 on Thursday.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their largest climbs. See if Thor Industries can continue to rebound and hit that benchmark.
Thor Industries is now considered extended and out of buy range after clearing a 97.32 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth moved up last quarter from 19% to 40%, but sales fell from 3% to 0%.
Thor Industries holds the No. 3 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. REV Group is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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