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Whirlpool Corp. – Equities of interest

by FxIgor

Joel Kruger suggests this interesting Equities in his section Equities of interest :
Whirlpool Corp. (NYSE: WHR)

The fundamental story is very attractive and you can’t deny the performance in this ticker, particularly in the face of some recent pressure in broader equity markets. Nevertheless, you also can’t ignore the highly overbought technical picture and strong longer-term internal resistance around $100. I am still quite bearish on stocks in general, and it would seem to me, that with this market already due for some corrective price action, this in conjunction with a bearish market, could start to weigh a bit. At a minimum, I recommend existing longs consider booking profit and looking to rebuild lower down.

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Filed Under: Equities of interest

About FxIgor

I am forex trader from 2009. and I am making autotrading systems using Metatrader EA. In this blog I will share my thoughts about daily forex traders, market forexcast, top forex brokers.

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