Both opportunity and risk assessments can be drawn from looking at the price action in Thor Industries (NYSE: THO). This is a practice commonly referred to as reading the charts. The summary data for THO below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Strong |
P1 | 0 | 0 | 93.17 |
P2 | 112.46 | 113.31 | 113.75 |
P3 | 116.90 | 118.97 | 134.46 |
Long Term Trading Plans for THO
February 23, 2021, 9:30 pm ET
The Technical Summary and Trading Plans for THO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this THO Report.
THO - (Long) Support Plan
The technical summary data tells us to buy THO near 113.75 with an upside target of 134.46. This data also tells us to set a stop loss @ 113.42 to protect against excessive loss in case the stock begins to move against the trade. 113.75 is the first level of support below 115.6 , and by rule, any test of support is a buy signal. In this case, support 113.75 is being tested, a buy signal would exist.
THO - (Short) Resistance Plan
The technical summary data is suggesting a short of THO as it gets near 134.46 with a downside target of 113.75. We should have a stop loss in place at 134.85though. 134.46 is the first level of resistance above 115.6, and by rule, any test of resistance is a short signal. In this case, if resistance 134.46 is being tested, a short signal would exist.