Stock Of The Day: Breakout For Mohawk Industries?

Trading in Mohawk Industries, Inc. MHK is quiet on Tuesday. But that may not be the case for long. Traders are waiting to see if it will break out and trend higher.Sometimes, traders have difficulty knowing whether or not something is a true breakout; a false breakout or a bear trap. These can mean a fast reversal and move lower. This is why Mohawk is the Stock of the Day.Check our how MHK is doing here.Resistance is a price level or a narrow range where there is a large amount of sell interest. At resistan ...