Whirlpool has been consolidating for the past 11 trading sessions, with the stock currently trading near the 50 EMA and the upper limit of the Bollinger Bands. The shrunk Bollinger Bands suggest a potential for a significant momentum move in either direction, which could provide an opportunity for both momentum and swing traders.
As the stock is trading near the 50 EMA, it is a crucial level to watch, as a break above this level could indicate a bullish trend, while a break below it could suggest a bearish trend.
Overall, Whirlpool's current consolidation phase presents a potential trading opportunity for traders.
