Banking

Thor Industries Cruising With RS Rating Bump

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Thor Industries (THO) now clears that threshold, with a jump from 78 to 81 Tuesday.

Thor Industries is working on a cup without handle with a 152.30 buy point. See if the manufacturer of recreational vehicles can break out in volume at least 40% higher than normal.




X



When you’re researching the best stocks to buy and watch, keep a close on eye on its relative price strength.

IBD’s proprietary rating tracks price performance 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.

Decades of market research reveals that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


 

In terms of fundamental health, Thor Industries has posted three quarters of rising earnings growth. Top line growth has also risen over the same time frame.

Thor Industries earns the No. 3 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Winnebago Industries (WGO) is among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

See How To Reduce Risk, Increase Profits With Swing Trading

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button