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Watch for Edison Intl to Potentially Rebound After Falling 2.59% Yesterday

By Amy Schwartz

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. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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