Edison (EIX) Offering Possible 7.53% Return Over the Next 24 Calendar Days

Edison's most recent trend suggests a bullish bias. One trading opportunity on Edison is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 7.53% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 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 $55.00 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 74.26 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 International Beats Q3 Earnings Estimates, Ups View
Wed, 29 Oct 2014 15:50:02 GMT

Experts: Reducing Carbon Emissions And Increasing Grid Reliability Are Doable
Wed, 29 Oct 2014 13:48:00 GMT

[$$] Edison International Boosts Outlook
Tue, 28 Oct 2014 22:05:30 GMT

Edison International tops Street 3Q forecasts
Tue, 28 Oct 2014 21:42:46 GMT

Edison International tops Street 3Q forecasts
Tue, 28 Oct 2014 21:42:46 GMT

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