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Bullish Moving Average Cross by Edison Intl (EIX)

By Shiri Gupta

Today, shares of Edison Intl (NYSE:EIX) have crossed bullishly above their 10-day moving average of $67.93 on a volume of 1.1 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Edison Intl have traded between a low of $57.63 and a high of $83.38 and are now at $68.27, which is 18% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Edison Intl on June 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.32. Since that recommendation, shares of Edison Intl have risen 7.1%. 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