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Mohawk Inds Crosses Below its 10-day MA (MHK)

By Amy Schwartz

Mohawk Inds (NYSE:MHK) shares have crossed bearishly below their 10-day moving average of $213.07 on a volume of 179K 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, shares of Mohawk Inds have traded between a low of $206.74 and a high of $286.85 and are now at $212.92, which is 3% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 0.85% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Mohawk Inds on April 25th, 2018 by issuing a Downtrend alert when the shares were trading at $224.97. Since that call, shares of Mohawk Inds have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mohawk inds

Ticker(s): MHK