Whirlpool Hits Major Support: Here's The Play

 | Oct 03, 2018 02:32PM ET

Shares of Whirlpool (NYSE:WHR) continue to decline but finally the stock chart has hit major support. The $115 level is a major pivot from 2010 with Whirlpool now almost 50% off its 2018 highs. Swing traders should look for a bounce back to $125-$130 in the coming weeks.

This is a classic technical setup for investors.