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Watch for Whirlpool Corp to Potentially Pullback After Gaining 1.69% Yesterday

By Shiri Gupta

Whirlpool Corp (NYSE:WHR) traded in a range yesterday that spanned from a low of $193.99 to a high of $197.54. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $194.07 on volume of 393,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Whirlpool Corp have traded between a low of $145.91 and a high of $202.99 and are now at $195.28, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Whirlpool Corp and will alert subscribers who have WHR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders whirlpool corp

Ticker(s): WHR