Bearish Moving Average Cross by Mohawk Industries (MHK)
Today, shares of Mohawk Industries (NYSE:MHK) have fallen below their 10-day MA of $85.54 on a volume of 108K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Mohawk Industries share prices have been bracketed by a low of $52.01 and a high of $89.28 and are now at $83.83, 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.
SmarTrend is monitoring the recent change of momentum in Mohawk Industries. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mohawk Industries in search of a potential trend change.
Keywords: moving crosses mohawk industries