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Watch for Mohawk Inds to Potentially Rebound After Falling 1.25% Yesterday

By Shiri Gupta

Mohawk Inds (NYSE:MHK) traded in a range yesterday that spanned from a low of $129.40 to a high of $131.33. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $130.71 on volume of 315,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Mohawk Inds have traded between a low of $109.35 and a high of $247.13 and are now at $129.93, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.2%.

Keywords: rebounders mohawk inds

Ticker(s): MHK