Edison International Bearish Moving Average Crossover Alert (EIX)
Today, shares of Edison International (NYSE:EIX) have crossed bearishly below their 10-day moving average of $76.84 on a volume of 284K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Edison International have traded between a low of $55.18 and a high of $78.72 and are now at $76.35, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Edison International on May 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.57. Since that recommendation, shares of Edison International have risen 6.2%. We continue to monitor EIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses edison international