Edison (EIX) Offering Possible 9.89% Return Over the Next 8 Calendar Days

Edison's most recent trend suggests a bullish bias. One trading opportunity on Edison is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 9.89% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 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 $65.00 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 63.85 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

Why Edison International Stock Jumped 10.6% in July
Mon, 05 Aug 2019 11:06:00 +0000
The electric utility company pleased investors with a successful secondary offering that will help to mitigate risk.

Southern California Edison Raises Cash to Finance Its Share of a New Wildfire Fund
Fri, 02 Aug 2019 19:28:00 +0000
Investors bid up offerings that Southern California Edison and its holding company, Edison International, will use to pay their required $2.4 billion contribution to help create a state wildfire insurance fund.

Should Invesco Russell 1000 Equal Weight ETF (EQAL) Be on Your Investing Radar?
Fri, 02 Aug 2019 11:25:11 +0000
Style Box ETF report for EQAL

Wall Street Red on Wednesday as Fed Cuts Rates
Wed, 31 Jul 2019 21:33:23 +0000
Advanced Micro Devices declines on 2nd-quarter results Continue reading…

Why Scotts Miracle-Gro, Enphase Energy, and Edison International Jumped Today
Wed, 31 Jul 2019 20:29:00 +0000
The Fed moved markets on Wednesday.

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