Is This Stock At Support? Fri, Mar 16, 2018

MHK $222.82 +1.30 (0.59%)

Mohawk Industries Inc


Stock Charts Stock Price Earnings Industry Stocks Company Profile

Ideas, Updates & Analysis


I was scanning my list of low pe stocks last night.

I saw a few buying opportunities there, but the one that stood out the most to me was Mohawk Industries.

It's P/E Ratio is 4.38. That's pretty low.

Also, MHK has a $16 Billion market cap.

But what do they do?

"In 2015, Mohawk was recognized as the most used, top-brand familiarity, and top-quality rating carpet product by the Builder magazine." https://en.wikipedia.org

You may have seen their products at Home Depot and Lowe's. By the way, both HD and LOW are near all-time high levels.

So let's look at some technical analysis.

As you can see, the trendline I highlighted shows a long-term uptrend trading range.

More importantly, the stock price has recently bounced off of the bottom of the trading range or support.

Let's look at that closer.

The 1 year chart looks pretty bad.

After climbing the first half of the year to a record high, the stock has dropped significantly after each of the past 2 earnings dates which are the black vertical lines.

The area I highlighted in yellow is what I think could be a bottom as well as a reversal.

It looks like an "inverse head and shoulders" chart pattern

The price has started to move higher through the 50 day moving average, which is also bullish.

All in all, that's why I bought today.

This is a setup that I really like.

I am hoping to make $10 or more on this trade.

Of course, there is the Trade War risk, but I am wondering if that is not already priced in.

The stock has dropped from $280 to $220.

The next earnings date is Wed, Jul 25, 2018.

What do you think?


Tue, Jul 10, 2018 MHK @ $219.07

Tue, Jul 10, 2018 HD @ $197.61

Tue, Jul 10, 2018 LOW @ $99.01

Mohawk Industries Stock Charts

The 5 year and 1 year stock charts are below.


Mohawk Industries 5 year stock chart
Mohawk Industries 5 year stock chart

50 Day Moving Average

The 50 Day Moving Average is at $213.04 which is 4.59% below the stock price of $222.82.

200 Day Moving Average

The 200 Day Moving Average is at 246.62 which is -9.65% below the stock price of $222.82.

MHK Stock Price

Below are a few key dates for the stock price.


Year To Date

Jul
17
Today

The most recent stock price is $222.82.

The Year To Date (YTD) return is -19.27%.

52 Week Low

Jun
06
Wednesday

The 52 Week Low stock price is $202.75 set on Wed, Jun 6, 2018 which is 41 days ago.

The current price per share is 9.90% above the 52 week low.

52 Week High

Dec 2017
04
Monday

The 52 Week High stock price is $286.85 set on Mon, Dec 4, 2017 which is 225 days ago.

The current price per share is -22.32% below the 52 week high.

All Time High

Dec 2017
04
Monday

The All Time High stock price is $286.85 set on Mon, Dec 4, 2017 which is 225 days ago.

The current price per share is -22.32% below the all time high.

Earnings

Below is the EPS, P/E Ratio and Earnings Date.


The Earnings Per Share (EPS) is $49.90.

The Price To Earnings (P/E) Ratio is 4.44.

Earnings Dates

Stocks can make big percentage moves on the earnings announcement.

Companies announce earnings either before the market open or after the close.

Feb
08
Thursday

The Earnings Release Date for Mohawk Industries Inc was Thu, Feb 8, 2018.

Since this earnings release 159 days ago, the stock price is down by -16.75%.

Apr
26
Thursday

The most recent Earnings Release Date was on Thu, Apr 26, 2018, which was 82 days ago.

Since this earnings date, the stock price is down by -1.89%.

Mohawk Industries Dividend

Below is important Dividend information.


MHK currently does not pay a dividend.

You may like this list of best dividend stocks of 2018.

Home & Office Products Industry

Below are other stocks in the same industry as Mohawk Industries.


MHK Company Profile

Learn more about Mohawk Industries.


Mohawk Industries Inc LogoMohawk Industries Inc is a Consumer Discretionary stock that trades on the NYSE and has a market capitalization of $16.50 Billion.

http://www.mohawkind.comMohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company' segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring. The Global Ceramic segment designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products used in the residential and commercial markets for both remodeling and new construction. The Flooring NA segment designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl. The Flooring ROW segment designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard (MDF), chipboards, and vinyl flooring products.

Spend a few minutes browsing the Mohawk Industries Inc, web site at http://www.mohawkind.com.

For more information and analysis of MHK, visit Bloomberg, Google Finance, Nasdaq, Yahoo Finance.