Thor Industries Inc (THO) is a $5.1B automobile stock that designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe.
Like most of the broader market, THO finds itself in a noticeable drawdown from its all-time highs achieved in 2021. But in recent quarters, the stock has been attempting a recovery, breaking out of a basing pattern.
Looking over the short-term, THO has retracted its breakout rally and is retesting a shelf of former resistance.
The technical principle of polarity suggests that when resistance is broken, it flips to support on a retest. Should THO hold this retest of 94, the bias is higher for this stock.
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