The Relative Strength (RS) Rating for Mohawk Industries headed into a higher percentile Thursday, as it got a lift from 64 to 71.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Mohawk Industries can continue to rebound and hit that benchmark.
While the stock is not near an ideal entry right now, see if it goes on to form and break out from a proper consolidation.
Top and bottom line growth moved higher last quarter. Earnings were up -8%, compared to -18% in the prior report. Revenue increased from -6% to 0%.
Mohawk Industries earns the No. 24 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Acuity, Armstrong Wrld Ind and LSI Industries are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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