Chart Request: Whirlpool Corporation (WHR)

Jon wanted me to take a look at Whirlpool's chart. This one is kinda tricky. It had a huge breakout in late April and then basically flat-lined for two months. It's good that it's holding on to the April gains but the recent weakness and slide under the 50-day moving average has me a little concerned. Despite the short-term downtrend, this may be a good spot to get long for those with a longer term outlook. But if it dropped past 102-ish and started eating into the gains from that first breakout day I'd probably be a seller.


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This page contains a single entry by Michael published on July 12, 2007 9:30 AM.

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