Winnebago Travels Higher After Q3 Beat

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

Winnebago Industries

shares are trading sharply higher $1.30 at $22 in Thursday's session. The catalyst for the rally is Q3 beat for EPS ($0.43 vs. Est. $0.41) and for sales ($266.5M vs. Est. $261.4M). After a higher open ($22.34 vs. Wednesday's close $22.34), it rallied to $22.54, before profit taking has taken the issue to $21.91. The current high coincides with its May 28 high of $22.67. Since making the low it has been attempting to remain in the $22 handle.