Next Support Level for Whirlpool (WHR) is $50.71
By Peter Chu
Whirlpool (NYSE:WHR) has opened bearishly below the pivot of $52.82 today and has reached the first level of support at $51.63. Should the shares continue to fall, the support pivots of $50.71 and $48.60 will be of interest.
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
In the past 52 weeks, shares of Whirlpool have traded between a low of $51.91 and a high of $92.28 and are now at $51.45, which is -1% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has slid 0.5%.
Whirlpool has overhead space with shares priced $51.45, or 53.5% below the average consensus analyst price target of $79.00. The stock should find initial resistance at its 50-day moving average (MA) of $66.91 and further resistance at its 200-day MA of $79.34.