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Mohawk Industries Bullish Moving Average Crossover Alert (MHK)

By David Diaz

Mohawk Industries (NYSE:MHK) shares have crossed bullishly above their 10-day moving average of $194.02 on a volume of 106K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Mohawk Industries share prices have moved between a 52-week high of $212.16 and a 52-week low of $148.56 and are now trading 32% above that low price at $196.10 per share. The 200-day and 50-day moving averages have moved 0.01% lower and 1.13% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Mohawk Industries on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $166.38. Since that recommendation, shares of Mohawk Industries have risen 15.7%. We continue to monitor MHK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mohawk industries

Ticker(s): MHK