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MOHAWK INDUSTRIES
(MHK-NYSE):
Technical Viewpoint: From a low
of $77.90 on Jan 31, 2007 prices
rallied, reaching a
high of $87.76
on Feb 2, 2007. A
decline saw prices pull back, reaching a
low of
$82.40 on Feb 9, 2007.
Another rally saw prices penetrate
resistance, closing 2/16/07
at $93.89. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 16, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $87.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 16, 2007. A P&F upside
reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! MOHAWK INDUSTRIES
(MHK-NYSE) @ $94.38 Stop: Use a protective stop of $91.63.
MOHAWK INDUSTRIES is currently trading @ $93.89 plus $9.26 on Feb 16, 2007. Price Objective:
$125.00. Risk/Reward: $2.75 VS. $30.62. Today's Risk Reward Ratio: 11.1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$125.00
Risk/Reward:
$2.75 VS. $30.62
Risk/Reward Ratio:
11.1
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