Edison (EIX) Offering Possible 9.89% Return Over the Next 10 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 9.89% return on risk over the next 10 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 $0.45 would be kept by the premium seller. The risk of $4.55 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 21.4 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

SCE Customer Rates to Decrease
Fri, 06 Nov 2015 22:44:07 GMT
noodls – Media Contact: Lauren Bartlett, (626) 302-2255 ROSEMEAD, Calif., Nov. 6, 2015 – An average Southern California Edison residential customer's bill would decrease about 6 percent by the end of March as a …

SCE Customer Rates to Decrease
Fri, 06 Nov 2015 22:44:00 GMT
Business Wire – An average Southern California Edison residential customer’s bill would decrease about 6 percent by the end of March as a result of several actions by the California Public Utilities Commission, including a vote on Thursday for funding SCE’s day-to-day operations.

​Edison plans to spend $12 billion on electric grid
Thu, 05 Nov 2015 20:55:10 GMT

Edison will spend $12 billion on electric system over next three years
Wed, 04 Nov 2015 23:33:00 GMT

Sempra Energy (SRE) Beats on Q3 Earnings, Lifts View
Tue, 03 Nov 2015 16:32:04 GMT

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