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5 Consumer Stocks Ready to Push Higher This Week

Whirlpool

Appliance-maker Whirlpool (WHR - Get Report) has managed to stay arm's-length ahead of the S&P's already impressive climb this year, up more than 11% since the first trading session in January. That's even after yesterday's 5% decline in the $9 billion dishwasher and dryer giant. Now shares look well-positioned to move even higher in April.

>>5 Dividend Stocks Ready to Pay You More

Whirlpool is currently forming an ascending triangle, a technical setup that's formed by horizontal resistance above shares (in this case at $120) and uptrending support below shares. Essentially, as WHR bounces in between those two technical levels, it's getting squeezed closer and closer to a breakout above that $120 mark. When that breakout happens, traders have another buy signal in this stock.

It's critical to wait for resistance to get taken out before jumping into a trade in WHR -- $120 has acted as a ceiling on the last three attempts that buyers have made to move higher. When the breakout happens, I'd recommend keeping a protective stop at the 50-day moving average.
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SYM TRADE IT LAST %CHG
BPOP $31.19 0.19%
FBHS $47.67 2.19%
SIRI $3.95 -0.25%
WHR $178.75 1.15%
V $76.01 1.70%

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

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