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Whirlpool (WHR) Recently Broke Out Above the 200-Day Moving Average
Whirlpool (WHR - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, WHR crossed above the 200-day moving average, suggesting a long-term bullish trend.
The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or resistance level.
WHR has rallied 29.1% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests WHR could be on the verge of another move higher.
Looking at WHR's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 1 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on WHR for more gains in the near future.