Winnebago Is Cruising

Shares of Winnebago Industries (WGO) are surging more than 13% this afternoon in very heavy trading. The recreational-vehicle maker released a stellar first-quarter earnings report before today's bell, sparking a huge gap-higher open. WGO began the session well above its previous 52-week highs and is now trading within easy striking distance of its 2011 peak. Today's news-inspired breakout action has set shares up well for more upside in the near term.

Winnebago Industries (WGO) Source: TradeStation View Chart » View in New Window »

WGO began the year just above $7. After a big first-quarter move, the stock spent the next quarter tracing out a healthy consolidation. As the second half of 2012 began, WGO was back in rally mode, leaving behind a major base in the process. By the start of November, shares had reached the $14.50 area, a better than 100% move from the 2011 close. The stock began to consolidate immediately after its 10% ramp Nov. 6. For the last seven weeks, it has been capped by this spike....130 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.