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Bearish Moving Average Cross by Mohawk Industries (MHK)

By Shiri Gupta

Mohawk Industries (NYSE:MHK) shares have crossed bearishly below their 10-day moving average of $142.85 on a volume of 166K 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, shares of Mohawk Industries have traded between a low of $103.74 and a high of $155.48 and are now at $141.75, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.09% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Mohawk Industries and will alert subscribers who have MHK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses mohawk industries

Ticker(s): MHK