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Mohawk Industries Has Returned 21.3% Since SmarTrend Recommendation (MHK)

By Shiri Gupta

SmarTrend identified an Uptrend for Mohawk Industries (NYSE:MHK) on November 8th, 2016 at $194.23. In approximately 5 months, Mohawk Industries has returned 21.25% as of today's recent price of $235.50.

Over the past year, Mohawk Industries has traded in a range of $148.56 to $237.58 and is now at $235.50, 59% above that low. The 200-day and 50-day moving averages have moved 0.01% lower and 1.13% higher over the past week, respectively.

Mohawk Industries, Inc. designs, manufactures, and markets woven and tufted broadloom carpets and rugs for residential and commercial applications. The Company markets its products under brand names such as Mohawk, Aladdin, Alexander Smith, Bigelow, and Galaxy. Mohawk also offers bath rugs, area rugs, decorative throws, and a laminate product line, among other products.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Mohawk Industries shares.

Log in and add Mohawk Industries (MHK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights mohawk industries

Ticker(s): MHK