Trading Report for Thor Industries THO

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Neutral Weak Strong
P1 0 0 111.68
P2 115.78 113.36 129.00
P3 117.89 118.75 147.31

Longer Term Trading Plans for THO

June 10, 2021, 6:30 pm ET

Our Longer Term Plans for THO help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this THO Report.

THO - (Long) Support Plan

Buy over 111.68 target 129.00 stop loss @ 111.36

The technical summary data tells us to buy THO near 111.68 with an upside target of 129.00. This data also tells us to set a stop loss @ 111.36 to protect against excessive loss in case the stock begins to move against the trade. 111.68 is the first level of support below 115.58 , and by rule, any test of support is a buy signal. In this case, support 111.68 would be being tested, so a buy signal would exist.

THO - (Short) Resistance Plan

Short under 129.00, target 111.68, stop loss @ 129.37

The technical summary data is suggesting a short of THO as it gets near 129.00 with a downside target of 111.68. We should have a stop loss in place at 129.37though. 129.00 is the first level of resistance above 115.58, and by rule, any test of resistance is a short signal. In this case, if resistance 129.00 is being tested, so a short signal would exist.


THO Long Term Analysis for June 10 2021

Swing Trading Plans for THO

June 10, 2021, 6:30 pm ET

Our Swing Trading Plans for THO help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this THO Report.

THO - (Long) Support Plan

Buy over 118.75, target 129.00, Stop Loss @ 118.41

If 118.75 begins to break higher, the technical summary data tells us to buy THO just over 118.75, with an upside target of 129.00. The data also tells us to set a stop loss @ 118.41 in case the stock turns against the trade. 118.75 is the first level of resistance above 115.58, and by rule, any break above resistance is a buy signal. In this case, 118.75, 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.

THO - (Short) Resistance Plan

Short near 118.75, target 113.36, Stop Loss @ 119.09.

The technical summary data is suggesting a short of THO if it tests 118.75 with a downside target of 113.36. We should have a stop loss in place at 119.09 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, 118.75, 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.


THO Swing Trading Analysis for June 10 2021

Day Trading Plans for THO

June 10, 2021, 6:30 pm ET

Our Day Trading Plans for THO help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this THO Report.

THO - (Long) Support Plan

Buy over 115.78, target 117.89, Stop Loss @ 115.51

If 115.78 begins to break higher, the technical summary data tells us to buy THO just over 115.78, with an upside target of 117.89. The data also tells us to set a stop loss @ 115.51 in case the stock turns against the trade. 115.78 is the first level of resistance above 115.58, and by rule, any break above resistance is a buy signal. In this case, 115.78, 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.

THO - (Short) Resistance Plan

Short near 115.78, target 113.36, Stop Loss @ 116.05.

The technical summary data is suggesting a short of THO if it tests 115.78 with a downside target of 113.36. We should have a stop loss in place at 116.05 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, 115.78, 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.


THO Day Trading Analysis for June 10 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Thor Industries (NYSE: THO) while incorporating prudent risk controls. 

Warning: This is a static report, and the data was valid at the time of the publication, but support and resistance levels for THO change over time, and the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. 

Instructions: The rules that govern the data in this report are the rules of Technical Analysis.  For example, if THO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

This data is further refined to differentiate trading plans for Day Trading THO, Swing Trading THO, and Long Term Investing plans for THO too.

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