Edison's most recent trend suggests a bullish bias. One trading opportunity on Edison is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 7.53% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $52.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Edison is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Edison is bullish.
The RSI indicator is at 69.05 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Edison
Will This Ratings Upgrade Help Edison International (EIX) Stock Today>?
Fri, 22 Aug 2014 13:10:00 GMT
Edison International Hits 52-Week High on Regulatory Support
Wed, 20 Aug 2014 19:30:02 GMT
Wall Street Transcript Interview with Joseph L. Welch, the Chairman, President and CEO of ITC Holdings Corp. (ITC)
Mon, 18 Aug 2014 18:51:00 GMT
NRG Yield Acquires North America's Largest Wind Project
Tue, 12 Aug 2014 21:43:14 GMT
SCPPA – Canyon Power Project Revenue — Moody's Affirms A1 Rating on Southern California Public Power Authority's Canyon Revenue Bonds; Outlook Changed to Positive
Fri, 08 Aug 2014 17:10:16 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook