Just noticed MHK hit oversold territory with an RSI reading around 27.8, sitting near $108 per share. That's below the 30 threshold that usually signals a potential reversal brewing. For context, the broader market (SPY) is hanging around 43.5 on RSI, so Mohawk is definitely showing more weakness here.

Warren Buffett's whole thing about being greedy when others panic seems relevant - when a stock gets this beaten down, it's worth asking if the selling has exhausted itself. MHK's 52-week range shows it hit a low of $96.24 and a high of $143.13, so we're closer to the floor than the ceiling right now.

If you're bullish on Mohawk long-term, this oversold reading could be worth watching as a potential entry point. The chart tells the story - whether this reverses or continues lower is the real question though.