Tuesday, August 27, 2019 12:03:11 PM
It is really something when you look at the weakness in the leading recreational vehicle (RV) stocks lately. The charts for these stocks look absolutely terrible right now. There are three big companies that like to follow in the industry group and they are Winnebago Industries Inc (NYSE:WGO), Thor Industries Inc (NYSE:THO) and Camping World Holdings Inc (NYSE:CWH). All of these leading RV stocks peaked out in January 2018. Since that top, these stocks have really been under major selling pressure. THO and CWH are making new 52-week lows at this time and showing relative weakness.
WGO is a very weak looking chart, but it is much better than THO and CWH right now. This stock is at least off of its 52-week lows right now. So, if I want to buy a stock in this sector I would likely select WGO as it is showing relative strength compared to its peers. Currently, WGO stock is trading around the $31.85 level. The charts are telling me there should be more downside in the cards for this popular RV stock before finding major support. The only level that would be attractive for WGO stock is around the $25.00 area. This support level is where the stock broke out of a down trend in early 2019 and should be solid support when retested.
Nicholas Santiago
InTheMoneyStocks
Recent WGO News
- Grand Design RV Announces First Motorized RV, ‘Lineage’ Class C • GlobeNewswire Inc. • 04/10/2024 02:00:00 PM
- Newsweek Magazine Names Winnebago Industries as One of the Most Trustworthy Companies in America 2024 • GlobeNewswire Inc. • 04/03/2024 01:00:00 PM
- Winnebago Industries Reports Second Quarter Fiscal 2024 Results • GlobeNewswire Inc. • 03/21/2024 11:00:00 AM
- Winnebago Industries Board of Directors Approves Quarterly Cash Dividend • GlobeNewswire Inc. • 03/13/2024 08:30:00 PM
- Minnesota Twins Name Winnebago Industries as Club’s ‘Official Outdoor Adventure Partner’ • GlobeNewswire Inc. • 03/12/2024 12:20:00 PM
- Winnebago Industries’ Second Quarter Fiscal 2024 Financial Results Announcement to be made on March 21, 2024 • GlobeNewswire Inc. • 03/04/2024 12:57:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:42:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:40:58 PM
- Winnebago Industries to Present at the 45th Annual Raymond James Institutional Investors Conference • GlobeNewswire Inc. • 02/27/2024 01:30:00 PM
- Xos, Inc., Winnebago Announce Partnership and Development of Fully Electric Specialty Vehicle Chassis • GlobeNewswire Inc. • 02/22/2024 02:00:00 PM
- Grand Design RV Again Recognized as Best Employer in Multiple Categories in Goshen News Annual Contest • GlobeNewswire Inc. • 02/19/2024 01:30:00 PM
- Chris-Craft Celebrates 150 Years of Boating Excellence with Release of Special Anniversary Edition Launch 27 • GlobeNewswire Inc. • 02/14/2024 08:00:00 PM
- The Electrifying Rise of Electric Boats • InvestorsHub NewsWire • 02/14/2024 01:45:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/12/2024 11:53:04 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 02:59:19 PM
- Form SCHEDULE 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/05/2024 08:26:22 PM
- Newsweek Magazine Names Winnebago Industries as One of America’s Most Responsible Companies for Second Consecutive Year • GlobeNewswire Inc. • 01/24/2024 02:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 09:37:05 PM
- Winnebago Industries Announces Pricing of $300 Million Offering of Convertible Senior Notes for Refinancing 2025 Maturities • GlobeNewswire Inc. • 01/19/2024 01:52:29 AM
- Industry-First Center-Mounted Twin-Engine Barletta Pontoon Boat Honored with Innovation Award at Minneapolis Boat Show • GlobeNewswire Inc. • 01/18/2024 03:31:02 PM
- Winnebago Industries Announces Proposed Private Offering of $300 Million of Convertible Senior Notes • GlobeNewswire Inc. • 01/17/2024 09:01:49 PM
- Winnebago Industries’ Premium RV Brands Offer Consumers Full Range of Motorized and Towable RV options at 2024 Florida RV SuperShow • GlobeNewswire Inc. • 01/16/2024 09:50:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 09:20:13 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/04/2024 10:17:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 10:21:40 PM
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Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM