Skip to main content

In our previous publication (Feb. 2, 2013 - $42.35 U.S.) we reported a breakout from a large trading range (dashed lines). Following this report, Thor Industries Inc. started a new major up-leg and reached a high of $59.94 for a 42-per-cent appreciation in less than one year (A). Subsequently, the stock settled in a small triangle pattern made up of lower highs and higher lows (dotted lines), followed by the resumption of the up-trend and a new high of $64.71 (B) for a 53-per-cent appreciation since our report. Only a decline below about $54-$55 would be negative.

Point & Figure measurements provide targets of $69 and $74. The large base supports higher targets.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. ( Ron Meisels is a contributor to the website and Tweets at @Ronsbriefs. They may hold shares in companies profiled. Please see the site for a glossary.

Story continues below advertisement

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨