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SmarTrend Watching for Potential Rebound in Shares of Edison Intl After 2.59% Loss

By James Quinn

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $68.02 to a high of $69.53. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $69.11 on volume of 1.3 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 $83.38 and a 52-week low of $57.63 and are now trading 18% above that low price at $68.12 per share. Over the last five market days, the 200-day moving average (MA) has remained constant 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