Edison's most recent trend suggests a bullish bias. One trading opportunity on Edison is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 9.89% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $60.00 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 61.08 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
Edison upgraded by RBC Capital Mkts
Fri, 09 Jan 2015 12:12:17 GMT
EDISON INTERNATIONAL Files SEC form 8-K, Other Events
Wed, 07 Jan 2015 11:01:03 GMT
Can Nuclear Energy Compete In Today's Energy Markets?
Mon, 05 Jan 2015 13:00:00 GMT
Equity markets ended little changed, trading in a very narrow range
Mon, 29 Dec 2014 21:28:19 GMT
Rail industry group warns oil tanker shortage imminent
Mon, 22 Dec 2014 11:35:09 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook