(Finance) – Modest gain for Thor Industrieswhich advances slightly to +0.9%.
The recreational vehicle manufacturer ended the fourth quarter with collapsed sales by 28% annually to $2.74 billion. In the three months to July 31st Thor recorded net profits in sharp decline from 280.9 million, equal to 5.15 dollars per share, to 90.3 million, and 1.68 dollars.
For fiscal 2024, Thor Industries expects sales of $10.50 billion to $11.00 billion.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of Thor Industries more pronounced than the trend ofS&P-500. This expresses the market’s greater attractiveness towards the stock.
The technical status of Thor Industries shows signs of worsening with a support area set at 91.14 USD, while on the upside the resistance area is identified at 98.03. For the next session we could see a new bearish trend with a target probably estimated at 86.62.