MHK displayed a open drive pattern, gapping up from $159.71 to $168.04 during the second week of February trading week. The share price further soared to this week's high of $185.85, before tumbling to a low of $168.1 as Federal Reserve Chairman comments this morning reignite global stock jitters.
At the current junction, MHK remains supported by its 20DMA, with a potential pivotal towards a new 52 weeks high.
MHK designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally.