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Whirlpool Corp Falls 2.16% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Whirlpool Corp (NYSE:WHR) traded in a range yesterday that spanned from a low of $127.21 to a high of $130.08. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $130.37 on volume of 364,000 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 $122.81 and a high of $190.73 and are now at $128.07, 4% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1%.

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