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After Yesterday's Decline of 1.83%, Edison Intl Offers Investors Better Value

By Nick Russo

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $72.03 to a high of $74.47. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $73.28 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Edison Intl share prices have been bracketed by a low of $45.50 and a high of $76.45 and are now at $72.83, 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.6%.

SmarTrend is tracking the current trend status for Edison Intl and will alert subscribers who have EIX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders edison intl

Ticker(s): EIX