What happened
Prices of $61 a share, $65, $66, $69, and … $77! Every day of (last) week, THOR Industries (NYSE:THO) stock has climbed a little bit higher, before finally zooming ahead 11.5 percent in Friday trading (as of 12:30 p.m. ET).
So what
Success, it seems, begets success, and after THOR announced on Monday that it has reopened its North American assembly operations, investors have been rewarding THOR stock day after day in hopes that things will soon get back to “normal” for the Elkhart, Indiana-based RV manufacturer.
A trend like that couldn’t fail to attract the attention of a publication like Investor’s Business Daily, which has trained its readers to look for trends. And so this morning, IBD announced that Thor Industries stock had scored a “relative strength rating upgrade.”
As the investor resource explains, “When building your watch list, (you should) look for stocks with an 80 or higher RS Rating (and) THOR Industries … now meets that criteria, with an increase from 77 to 84 Friday.”
Click here to read the full report by Rich Smith.