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Edison Intl Falls 7.11% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $64.94 to a high of $65.41. Yesterday, the shares fell 7.1%, which took the trading range below the 3-day low of $65.04 on volume of 54,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Edison Intl have traded between a low of $45.50 and a high of $76.45 and are now at $65.08, which is 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.8%.

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