Shares of Whirlpool Receive a Boost, Up 1.9%

Published on Mon, 12/31/2012 - 13:36
By Mallory Stone in Market movers, WHR, market movers, nyse:whr, whirlpool

Whirlpool (NYSE:WHR), a company whose shares are moving quickly, is trading 1.9% higher to $100.90. The S&P is trading higher by 0.9% to 1,416 and the Dow is trading 0.7% higher to 13,025.

Over the past year, Whirlpool has traded in a range of $47.72 to $104.21 and is now at $100.90, 111% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.3%.

Whirlpool Corporation manufactures and markets major home appliances. The Company's principal products include laundry appliances, refrigeration and room air conditioning equipment, cooking appliances, dishwashers, and mixers and other small household appliances. Whirlpool's products are sold worldwide

Whirlpool (NYSE:WHR) has potential upside of 7.8% based on a current price of $100.90 and analysts' consensus price target of $108.75. The stock should find initial support at its 50-day moving average (MA) of $97.87 and further support at its 200-day MA of $76.80.

By Mallory Stone
mstone@fnno.com

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