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After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By Nick Russo

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $71.75 to a high of $73.84. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $72.97 on volume of 390,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 13.8%. We continue to monitor EIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Edison Intl have traded between a low of $45.50 and a high of $75.39 and are now at $73.62, which is 62% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.4%.

Keywords: rebounders edison intl

Ticker(s): EIX