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RV Maker Thor Industries Shows Rising Price Relative With Jump To 83 RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is RV maker Thor Industries (THO), which had its Relative Strength (RS) Rating upgraded from 78 to 83 Tuesday. Leisure and outdoor segment has seen a rise in demand for their products during the pandemic as Americans headed outdoors for leisure and travel.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating identifies market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

History shows that the best-performing stocks typically have an 80 or higher RS Rating as they begin their biggest price moves.


See How IBD Helps You Make More Money In Stocks


Thor Industries is now considered extended and out of buy range after clearing a 107.68 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

Taking a look at top and bottom line numbers, the company has posted three quarters of rising earnings growth. Sales gains have also risen over the same time frame.

Thor Industries earns the No. 3 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Patrick Industries (PATK) and Skyline (SKY) are also among the group’s highest-rated stocks.

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