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Edison Intl Set to Possibly Pullback After Yesterday's Rally of 2.90%

By Nick Russo

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $62.42 to a high of $64.68. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $62.94 on volume of 3.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Edison Intl share prices have moved between a 52-week high of $83.38 and a 52-week low of $57.63 and are now trading 11% above that low price at $63.82 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Edison Intl on December 5th, 2017 by issuing a Downtrend alert when the shares were trading at $74.46. Since that call, shares of Edison Intl have fallen 16.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders edison intl

Ticker(s): EIX