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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Quoted

"When I became a winner I went from 'I figured it out, therefore it can't be wrong' to 'I figured it out, but if I'm wrong, I'm getting the hell out, because I want to save my money and go on to the next trade.'" ~ Marty Schwartz
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