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Watch for Edison Intl to Potentially Rebound After Falling 7.11% Yesterday

By David Diaz

Edison Intl (NYSE:EIX) traded in a range yesterday that spanned from a low of $64.94 to a high of $65.41. Yesterday, the shares fell 7.1%, which took the trading range below the 3-day low of $65.04 on volume of 54,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Edison Intl has traded in a range of $45.50 to $76.45 and is now at $65.08, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has risen 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