Whirlpool Corporation (NYSE:WHR) reported earnings this past Friday, beating expectations. The stock rose 2.68% to $187.61. Recent trading activity over the last three weeks has seen the stock rally sharply from $152 to $188. This is a whopping 23% price move. While everything seems rosy with Whirlpool, the chart suggests a sharp drop is on the horizon. First, the stock is extremely overbought on every metric including stochastics, RSI and MACD. Second, the stock slammed into a HUGE trend line that will act as resistance.

The pull back is expected to begin this week and take the WHR back to $172.00. This would be approximately a 10% drop. I am looking to short the stock or buy puts as early as Monday morning.

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Jenny Rebekka