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Look for Shares of Edison Intl to Potentially Rebound after Yesterday's 1.83% Sell Off

By Amy Schwartz

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $72.03 to a high of $74.47. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $73.28 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Edison Intl share prices have moved between a 52-week high of $76.45 and a 52-week low of $45.50 and are now trading 60% above that low price at $72.83 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

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