Whirlpool (WHR) – Slowing Demand and Revenues – May 24th, 2019
Bearish – WHR $126.05 – Consumer Discretionary
The bearish DailyPlay we chose for Friday, May 24th is Whirlpool (WHR). WHR is part of the Consumer Discretionary Sector (XLY). XLY has declined 5.87% lower over the past month and its 1m and 6m trend turned neutral and bearish on May 20th and just broke below its $114 support level.
Whirlpool’s 1m and 6m trends turned bearish yesterday while breaking below its $128 support level which now becomes resistancel. With a technical score of 7 (out of 10), WHR is a strong stock that is starting to turn lower.
As a stop loss, if WHR was to trade above $128 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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