Watch for Whirlpool to Potentially Pullback After Gaining 2.53% Yesterday
Whirlpool (NYSE:WHR) traded in a range yesterday that spanned from a low of $162.18 to a high of $167.24. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $166.08 on volume of 496,000 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 have traded between a low of $123.60 and a high of $194.10 and are now at $166.71, which is 35% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of Whirlpool on August 25th, 2016 by issuing a Downtrend alert when the shares were trading at $180.70. Since that call, shares of Whirlpool have fallen 10.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders Whirlpool