Watch for Shares of Whirlpool (WHR) to Approach Support at $61.31

SmarTrend has detected shares of Whirlpool WHR have bearishly opened below the pivot of $63.17 today and have reached the first level of support of $62.39.

Should the shares continue to fall, we are monitoring the next support pivots of $61.31 and $59.45. Also, the shares are currently trading below the 50-day moving average of $73.34 and below the 200-day moving average of $80.97.

In the last five trading sessions, the 50-day MA has fallen 1.42% while the 200-day MA has slid 0.34%.

In the past 52 weeks, shares of Whirlpool have traded between a low of $55.91 and a high of $92.28 and are now at $61.94, which is 11% above that low price.

SmarTrend currently has shares of Whirlpool in an Downtrend and issued the Downtrend alert on July 14, 2011 at $77.50. The stock has fallen 18.1% since the Downtrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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