Mohawk Industries could regain its upward trend after having run out of steam.
The fundamentals support the stock with a gradual upward revision of earnings per share by analysts. Moreover, sales are expected to increase considerably by 2015, which reflects a great business predictability and visibility of the company by analysts.
Mohawk Industries is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. The 50-day moving average and the bullish trend line should protect the stock from a further decline. Thus, this level represents a good opportunity for a long position.
The decline observed in the short term offers an interesting entry point for a short-term investment. Investors will take advantage of the current area to buy Mohawk Industries. The objectives will be set at USD 130 and by extension USD 135. The stop loss will be triggered below the 100-day moving average.
Mohawk Industries, Inc. specializes in manufacturing and marketing ground coating products. The group's products are sold under the Mohawk, Aladdin, American Olean, Bigelow, Century Flooring, Columbia Flooring, Dal-Tile, Durkan, Horizon, Karastan, Lees, Merit, PureBond, Quick-Step, Uniclic, Unilin brands, etc. Net sales break down by family of products as follows:
- carpets and rugs (38.3%);
- tile products (35.2%): ceramic, porcelain, marble and natural stone tiles;
- floors (16.5%): solid wood flooring, laminate flooring and vinyl flooring;
- other (10%).
At the end of 2021, the group had 69 production sites worldwide.
Net sales break down geographically as follows: the United States (55.2%), Europe (27.8%), Russia (4%) and other (13%).
MOHAWK INDUSTRIES, INC. 
