Based on the technical data for MHK, the stock seems to be bearish at the moment. Here are some potential stock and option trades for MHK in the coming days:
Bullish Stock Trade:
Since the stock is bearish, it might be prudent to wait for a reversal confirmation before considering a bullish stock trade.
Bearish Stock Trade:
If you believe the bearish trend will continue, you could consider short-selling MHK stock or buying put options.
Bullish Option Trade:
Given the bearish sentiment, it might be risky to enter a bullish option trade at this time. It’s advisable to wait for a more confirmed uptrend.
Bearish Option Trade:
Consider buying put options on MHK with a strike price below the current stock price, anticipating further downside movement in the stock.
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