28Nov10:44 amEST
RV's Cruising Along
On the back of Thor Industries, Inc. rallying 10% this morning after earnings, several other recreational vehicle plays are joining the party.
For a while now, we have noted some quality charts in the group, be it CWH PII or WGO. In addition, LCII, below on the daily timeframe, fits right in with its RV brethren in terms of strong price action in the context of an overall uptrend.
Moreover, the RV bull theme aligns with the recent surge in the general consumer discretionary sector--After all, An RV is a symbol of discretionary income if there ever was one.
At any rate, the sector remains hot. And if HOG can somehow adjust with the times and hold $48 as support now, then perhaps even Harley-Davidson will join the party, too.
We continue to be long PII for Members and consider that chart to be as actionable as any in the group right now.