MOHAWK INDUSTRIES, INC trading signal MOHAWK INDUSTRIES, INC Buy long signal @128.15
Trading ideas every day at investsy.io/#/signals
MHK
Mohawk Industries (NYSE: $MHK) Sitting In Golden Pocket! 🚧Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles (LVT), and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands. The Flooring ROW segment provides wood flooring and vinyl flooring, as well as laminates, roofing elements, sheet vinyl, LVT, insulation boards, medium-density fiberboards, chipboards, and other woods products under the Feltex, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses its intellectual property to flooring manufacturers. Mohawk Industries, Inc. was incorporated in 1988 and is headquartered in Calhoun, Georgia.
US Stock In Play: $MHK (Mohawk Industries Inc)$MHK displayed a open drive pattern, gapping up from $159.71 to $168.04 during the second week of February trading week. The share price further soared to this week's high of $185.85, before tumbling to a low of $168.1 as Federal Reserve Chairman comments this morning reignite global stock jitters.
At the current junction, $MHK remains supported by its 20DMA, with a potential pivotal towards a new 52 weeks high.
$MHK designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally.
MHK on the Way to a Short Target of $60Mohawk Industries NYSE:MHK seems to be on the way to a long-term short target of $60, based on a 1:1 ratio projection from the $286.85 top in 2017.
Mohawk Industries Too many tiles cracking... down?Sometimes happens when the stocks don't follow the trendline, a free fall could be triggered pretty fast.
However, it could be a very good opportunity to buy at that level. Stay tuned for it.
Learn how to beat the market as Professional Trader with an ex-insider!
Be part of an elite trading group. Last course of the year on November 2nd, 2018.
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
