On Thursday, Thor Industries stock earned a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
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IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
Is Thor Industries Stock A Buy?
Thor Industries stock is trying to complete a cup with handle with a 112.36 buy point. See if it can clear the breakout price in volume at least 40% above average.
The motorhome vehicle maker saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 19%. Revenue rose from -9% to 3%. The company is expected to report its latest results on or around Sep. 30.
Thor Industries stock earns the No. 4 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.
