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Bearish Moving Average Cross by Whirlpool Corp (WHR)

By Nick Russo

Whirlpool Corp (NYSE:WHR) crossed under its 10-day moving average of $138.93 on a volume of 386K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Whirlpool Corp has traded in a range of $99.40 to $167.54 and is now at $132.22, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Whirlpool Corp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $115.00. Since that recommendation, shares of Whirlpool Corp have risen 21.8%. We continue to monitor WHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses whirlpool corp

Ticker(s): WHR