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Next Resistance Level for Edison Intl (EIX) is $65.19

By Nick Russo

Edison Intl (NYSE:EIX) has opened bullishly above the pivot of $61.37 today and has reached the first level of resistance at $63.63. Investors may be interested in a cross of the next upside pivot targets of $65.19 and $69.01.

There is potential upside of 6.8% for shares of Edison Intl based on a current price of $63.85 and an average consensus analyst price target of $68.19. The stock should hit resistance at its 50-day moving average (MA) of $70.20, as well as support at its 200-day MA of $63.10.

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 $63.85 per share. 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 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: pivot alerts edison intl

Ticker(s): EIX