Mohawk Industries Inc

MHK remains in a Stage 2 advance within its long-term uptrend. Price recently pulled back into the rising 9 and 20 EMAs, found support, and showed buyer absorption on lighter volume. The Higher Highs & Higher Lows pattern indicates continued demand dominance. With Medium-Term bias intact and no mean-reversion pull, execution favors buying now on pullbacks into the EMA and 50 DMA confluence.

• ↑Q1 revenue grew 8% YoY to $2.7B despite soft macro conditions
• ↑Adjusted Q1 EPS rose 25% YoY to $1.90 on productivity gains
• ↓Residential new-build and remodeling sales slowed, pressuring revenue