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Edison Intl Crosses Above its 10-day MA (EIX)

By David Diaz

Edison Intl (NYSE:EIX) shares have crossed bullishly above their 10-day moving average of $63.53 on a volume of 126K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Edison Intl has traded in a range of $45.50 to $71.00 and is now at $64.12, 41% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Edison Intl on February 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.61. Since that recommendation, shares of Edison Intl have risen 4.4%. 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