Mohawk Industries saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 70 to 73.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Mohawk Industries can continue to rebound and hit that benchmark.
Mohawk Industries is not currently showing a potential buy point. See if the stock goes on to build a sound pattern that could spark a new run.
Earnings grew -8% last quarter, up from -18% in the prior report. Revenue also increased, from -6% to 0%.
Mohawk Industries earns the No. 23 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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