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THO

Did Thors earning beat give it upside potential? Did Thor industries earnings beat give the stock a potential for upside? Maybe Now lets look, Thor has had some pretty heavy earnings beats for at least the past year, steadily increasing each earning. They as well had announced a share buy back, so that makes it look more enticing right? Overall fundamentals look pretty solid right? Now let's look at why the stock might be falling. The part shortage issues have hit the industry pretty hard. Economic inflation on the rise (less likely for people to go out and buy a travel trailer with the CPI reports right?) Gas prices on the rise with oil skyrocketing. Covid-19 restrictions have been lifted in most areas in the US now. A revenue growth over the past 2 years that has 2x-4x's its mean revenue (granted I do realize they have acquired more subsidiaries, though is it sustainable? ) In their earnings report they did speak of "making sure they don't "overproduce" even with the backlog they have acquired coming into camping season. I would say it really boils down to how many people are going to want to go out and buy a brand new RV in the economical uncertainties right now. Along with gas prices on the rise, with no exact sight on when fuel prices are going to level off at. Now as you are reading this, your probably like wow NinjaNew you seem pretty bearish on the stock, well that is for the midterm I am, but that doesn't mean I don't think the stock will see some more upside. With the earnings beat consecutively, along with the consistent revenue growth, I do think some people will step in a prop the stock back up, or at least try. Now lets talk about price targets. Entry #1 if it breaks above $89.00 Entry #2 if it fades back and holds the $87.00 area Target #1 $93.00 - $96.50 Target #2 $100.00 - $107.00 ( yes, I know thats a broad target, but with this markets uncertainty, you simply have to play price action). What are your thoughts on Thor Industries? Comment below
NYSE:THO
by TheStockOdin
THO BreakoutEDIT: Sorry I didn't notice the KEY is unlabeled . -The top red box in the key indicates stop losses -The bottom green box in the key indicates buy zones Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet. Mostly due to the extreme swings it has. (Beta is just under 2.4 so this thing is pretty volatile) This isn't one of my most confident trade ideas but I like following this stock and its a pretty fun stock to follow and predict. Obviously with the high Beta, if we see a move into a bear market this stock could test the lower demand zones above $100 very quickly. ($110 range for higher demand, and $101-$103 for the lower demand range)
NYSE:THO
by rickhubbard10
DisciplineNASDAQ:AKAM and NYSE:THO I took three weeks ago. I have checked my signals in thinkorswim every morning diligently at 10:00am. That's my job. I have not found a single trade that fit my rules to take bullish since September 17th! My two that I took on that date were NASDAQ:AKAM and NYSE:THO . AKAM and THO both pulled a 3:1 on 75% of my positions, AKAM's remainder I closed when it got below a key level, THO continues to run. Every day that I do not find an opportunity comes with a little bit of trepidation. "Is thinkorswim's scanner code broken this morning?" "Has the strategy lost some edge?" OR... "Is my strategy just performing as intended and keeping my trades long and short in sync with the market?" I like to believe the latter and based on the timing of the two longs I did take it did help me capture this last bullish run up to resistance on the AMEX:SPY and market as a whole. So I wait... and reserve my capital for OPPORTUNITY and FOLLOW MY RULES!
NASDAQ:AKAM
by norok
$THO Closes Above Long Term ResistanceTHO closed at $72.40 on 12/18/19, above its long term resistance level of about $71.16 for the first time in over a year. This move is significant as the price has also moved above its 50 day and 200 day moving averages. This move is on the back of dealership rationalization which management said should finish up by the end of 2019 and look to normalize sales to match consumer demand levels starting in 2020. Dealership inventory levels are at a multi-year low, matching levels we haven't seen since 2017 and setting up the stock for a significant out-performance of the broader US equity markets in 2020.
NYSE:THOLong
by Jhoefler
Sep 27 Earnings: Thor Industries - Expenses Correction IncomingThor Industries has been on a tare recently, gaining over 40% in the last 12 months. The company has been experiencing high demand for its products and has worked on developing new products and revamping its existing ones. However, I believe the company's higher expenses and new market penetration costs will limit Income and Margins throughout the next quarter. I am initiating the company with a $100 PT for the post-earnings move with a 3 month time frame.
NYSE:THOShort
by TraderDanER