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Bearish Moving Average Cross by Edison Intl (EIX)

By Nick Russo

Edison Intl (NYSE:EIX) shares have crossed bearishly below their 10-day moving average of $72.72 on a volume of 115K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Edison Intl share prices have been bracketed by a low of $45.50 and a high of $75.39 and are now at $72.54, 59% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 0.99% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Edison Intl on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.94. Since that recommendation, shares of Edison Intl have risen 14.1%. We continue to monitor EIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses edison intl

Ticker(s): EIX