When the Price of Thor Industries $THO Talks, People Listen
September 24, 2023, 12:45 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for THO
- Buy THO slightly over 90.53 target 101.53 stop loss @ 90.27 Details
The technical summary data tells us to buy THO near 90.53 with an upside target of 101.53. This data also tells us to set a stop loss @ 90.27 to protect against excessive loss in case the stock begins to move against the trade. 90.53 is the first level of support below 92.93 , and by rule, any test of support is a buy signal. In this case, support 90.53 would be being tested, so a buy signal would exist.
- Short THO slightly under 101.53, target 90.53, stop loss @ 101.82 Details
The technical summary data is suggesting a short of THO as it gets near 101.53 with a downside target of 90.53. We should have a stop loss in place at 101.82though. 101.53 is the first level of resistance above 92.93, and by rule, any test of resistance is a short signal. In this case, if resistance 101.53 is being tested, so a short signal would exist.
Swing Trading Plans for THO
- Buy THO slightly over 95.83, target 101.53, Stop Loss @ 95.55 Details
If 95.83 begins to break higher, the technical summary data tells us to buy THO just slightly over 95.83, with an upside target of 101.53. The data also tells us to set a stop loss @ 95.55 in case the stock turns against the trade. 95.83 is the first level of resistance above 92.93, and by rule, any break above resistance is a buy signal. In this case, 95.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short THO slightly near 95.83, target 92.63, Stop Loss @ 96.11. Details
The technical summary data is suggesting a short of THO if it tests 95.83 with a downside target of 92.63. We should have a stop loss in place at 96.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 95.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for THO
- Buy THO slightly over 94.16, target 95.83, Stop Loss @ 93.94 Details
If 94.16 begins to break higher, the technical summary data tells us to buy THO just slightly over 94.16, with an upside target of 95.83. The data also tells us to set a stop loss @ 93.94 in case the stock turns against the trade. 94.16 is the first level of resistance above 92.93, and by rule, any break above resistance is a buy signal. In this case, 94.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short THO slightly near 94.16, target 92.63, Stop Loss @ 94.38. Details
The technical summary data is suggesting a short of THO if it tests 94.16 with a downside target of 92.63. We should have a stop loss in place at 94.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 94.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Thor Industries (THO) available here: THO.
THO Ratings for September 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
90.53 |
| P2 |
94.16 |
92.63 |
101.53 |
| P3 |
96.72 |
95.83 |
113.31 |
AI Generated Signals for THO
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Thor Industries (NYSE: THO) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for THO can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for THO:
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