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Edison Intl Set to Possibly Rebound After Yesterday's Selloff of 6.73%

By David Diaz

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $64.67 to a high of $67.89. Yesterday, the shares fell 6.7%, which took the trading range below the 3-day low of $68.20 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Edison Intl on June 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.32. Since that recommendation, shares of Edison Intl have risen 9.6%. We continue to monitor EIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Edison Intl has traded in a range of $57.63 to $83.38 and is now at $65.00, 13% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

Keywords: rebounders edison intl

Ticker(s): EIX