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After Yesterday's Rally of 1.74% Shares Could Potentially Pullback

By Shiri Gupta

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $76.88 to a high of $78.12. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $77.40 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Edison Intl has traded in a range of $67.44 to $82.82 and is now at $77.91, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

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