Thor Industries ($THO) Trading Report

November 11, 2023, 02:30 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for THO

• Buy THO slightly over 88.09 target 99.61 stop loss @ 87.84 Details

The technical summary data tells us to buy THO near 88.09 with an upside target of 99.61. This data also tells us to set a stop loss @ 87.84 to protect against excessive loss in case the stock begins to move against the trade. 88.09 is the first level of support below 91.32 , and by rule, any test of support is a buy signal. In this case, support 88.09 would be being tested, so a buy signal would exist.

• Short THO slightly under 99.61, target 88.09, stop loss @ 99.9 Details

The technical summary data is suggesting a short of THO as it gets near 99.61 with a downside target of 88.09. We should have a stop loss in place at 99.9though. 99.61 is the first level of resistance above 91.32, and by rule, any test of resistance is a short signal. In this case, if resistance 99.61 is being tested, so a short signal would exist.

Swing Trading Plans for THO

• Buy THO slightly over 95.14, target 99.61, Stop Loss @ 94.87 Details

If 95.14 begins to break higher, the technical summary data tells us to buy THO just slightly over 95.14, with an upside target of 99.61. The data also tells us to set a stop loss @ 94.87 in case the stock turns against the trade. 95.14 is the first level of resistance above 91.32, and by rule, any break above resistance is a buy signal. In this case, 95.14, 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 95.14, target 88.09, Stop Loss @ 95.41. Details

The technical summary data is suggesting a short of THO if it tests 95.14 with a downside target of 88.09. We should have a stop loss in place at 95.41 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, 95.14, 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 92.08, target 95.14, Stop Loss @ 91.87 Details

If 92.08 begins to break higher, the technical summary data tells us to buy THO just slightly over 92.08, with an upside target of 95.14. The data also tells us to set a stop loss @ 91.87 in case the stock turns against the trade. 92.08 is the first level of resistance above 91.32, and by rule, any break above resistance is a buy signal. In this case, 92.08, 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 92.08, target 88.09, Stop Loss @ 92.29. Details

The technical summary data is suggesting a short of THO if it tests 92.08 with a downside target of 88.09. We should have a stop loss in place at 92.29 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, 92.08, 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 November 11:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	88.09
P2	92.08	87.77	99.61
P3	99.70	95.14	111.75

AI Generated Signals for THO

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

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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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for THO too.  All of these are offered below the Summary Table.