Mohawk Industries had its Relative Strength (RS) Rating upgraded from 77 to 81 Monday.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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While it's not currently an ideal time to invest, see if the stock is able to offer and clear an appropriate buy point.
Earnings growth fell last quarter from 9% to 7%. But revenue moved higher, from -5% to -2%.
The company holds the No. 16 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products, Armstrong Wrld Ind and Interface are among the top 5 highly rated stocks within the group.
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