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Whirlpool Corp Set to Possibly Pullback After Yesterday's Rally of 3.45%

By James Quinn

Whirlpool Corp (NYSE:WHR) traded in a range yesterday that spanned from a low of $149.72 to a high of $154.01. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $150.87 on volume of 422,000 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 $145.59 and a high of $202.99 and are now at $153.83, which is 6% 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 recommended that its subscribers protect gains by selling shares of Whirlpool Corp on February 8th, 2018 by issuing a Downtrend alert when the shares were trading at $167.97. Since that call, shares of Whirlpool Corp have fallen 11.5%. 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