Edison (EIX) Offering Possible 14.94% Return Over the Next 17 Calendar Days

Edison's most recent trend suggests a bearish bias. One trading opportunity on Edison is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 14.94% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $65.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Edison is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Edison is bearish.

The RSI indicator is at 69.88 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

Helping Communities During COVID-19 Emergency
Fri, 24 Apr 2020 23:03:00 +0000
Edison International and its employees give more than $1.2 million to nonprofits.

Southern California Edison Declares Dividends
Thu, 23 Apr 2020 20:10:00 +0000
SCE Q1 2020 Dividends Announced

Advisory for Thursday, April 30: Edison International to Hold Conference Call on First Quarter 2020 Financial Results
Wed, 22 Apr 2020 23:50:00 +0000
Media Advisory for EIX 2020 Q1 Earnings Conference Call – April 30, 2020

Is Edison International (NYSE:EIX) Creating Value For Shareholders?
Thu, 16 Apr 2020 11:48:24 +0000
Today we are going to look at Edison International (NYSE:EIX) to see whether it might be an attractive investment…

Edison International and Southern California Edison to Hold Virtual Annual Meeting of Shareholders
Tue, 07 Apr 2020 20:05:00 +0000
Edison International's Annual Meeting of Shareholders on April 23, 2020, has been changed to a virtual format accessible via the Internet

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