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| WHR - Whirlpool Corp. | Week Ended: 1/6/01 |
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| Price |
49.06 |
P/E Ratio |
8 |
52 Week High |
68.31 |
| Last Week |
+ 1.50 |
Earnings Date |
1/17/01 |
52 Week Low |
32.00 |
| Picked At |
50.31 |
Date Picked |
1/4/01 |
Sector |
Consumer |
| Activity |
| Current |
49.06 |
Open |
50.88 |
Change |
-1 1/4 |
| Low |
48.13 |
High |
50.88 |
Volume |
581,600 |
ZACKS | NEWS | PROFILE | HISTORICAL PRICES | OPTIONS | D-CHART |
| Company Description WHR manufactures and markets major home appliances and related products for commercial and home use in Canada, Mexico, Latin America, Asia, Europe, Africa and the Middle East. For the nine months ended 9/30/00, revenues fell 1% to $7.75B. Net income rose 29% to $301M. Revenues reflect lower North American unit volumes and the loss of Circuit City as a customer. Net income reflects the absence of a $146M Brazilian currency charge.
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| Play Description January 4, 2001
Whirlpool is a global provider of major home appliances such as washer & dryers, refrigerator and dishwashers. Shares of WHR traded to a nine-year low of $31.50 on August 30th. However, over the past four months, the stock has backed and filled its way up to $51.13, representing a 62% gain. We believe that WHR could move even higher as we move towards its earnings release on January 24th. From a technical standpoint, support is the 5-dma at $48.69 with additional support at the 10-dma, currently at $46.81. Resistance is Thursday’s intra-day high of $51.13 and then $52.06, the July 17th intra-day low. Traders may consider entry points on a bounce off of $48.69 or a move above $51.13 on volume greater than 250,000 shares by midday. We are setting stops at $46.50 as downside protection.
Picked on January 4th @ $50.31
Change since picked +0.00
Stop Loss @ $46.50
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