Winnebago Industries (NYSE:WGO) shares have crossed bearishly below their 10-day moving average of $18.49 on a volume of 224K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Winnebago Industries share prices have been bracketed by a low of $8.14 and a high of $20.10 and are now at $17.96, 121% above that low price. The 200-day and 50-day moving averages have moved 0.73% higher and 1.16% higher over the past week, respectively.
Potential upside of 11.4% exists for Winnebago Industries, based on a current level of $17.96 and analysts' average consensus price target of $20.00. The stock should find initial support at its 50-day moving average (MA) of $17.62 and further support at its 200-day MA of $12.78.
Winnebago Industries, Inc. manufactures motor homes that are self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. The Company's motor homes are sold through dealer organizations under the Winnebago, Itasca, and ERA brand names.