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Watch for Whirlpool Corp to Potentially Rebound After Falling 1.58% Yesterday

By David Diaz

Whirlpool Corp (NYSE:WHR) traded in a range yesterday that spanned from a low of $123.17 to a high of $125.69. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $124.11 on volume of 432,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Whirlpool Corp share prices have been bracketed by a low of $122.20 and a high of $190.73 and are now at $123.68, 1% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Whirlpool Corp on July 24th, 2018 by issuing a Downtrend alert when the shares were trading at $132.03. Since that call, shares of Whirlpool Corp have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders whirlpool corp

Ticker(s): WHR