• Return to Headlines

Downgrade Alert for Whirlpool (WHR)

By James Quinn

Whirlpool (NYSE:WHR) was downgraded from Buy to Neutral at MKM Partners today. The stock closed yesterday at $163.01 on volume of 1.4 million shares, above average daily volume of 969,000.

Whirlpool share prices have moved between a 52-week high of $194.10 and a 52-week low of $123.60 and closed yesterday at 32% above that low price at $163.01 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Whirlpool Corporation manufactures and markets major home appliances. The Company's principal products include laundry appliances, refrigeration and room air conditioning equipment, cooking appliances, dishwashers, and mixers and other small household appliances. Whirlpool's products are sold worldwide

Potential upside of 15.4% exists for Whirlpool, based on a current level of $163.01 and analysts' average consensus price target of $188.12. Whirlpool shares should encounter resistance at the 50-day moving average (MA) of $174.79 and support at its 200-day MA of $160.13.

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 11.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades Whirlpool

Ticker(s): WHR