Tuesday, December 12, 2017 12:06:43 PM
Edison International (NYSE:EIX) is a leading public utility with a major presence in Southern California. The stock has been declining sharply since the wild fires began in the Los Angeles area last week. On December 1st, 2017, EIX stock was trading as high as $81.96 a share. Traders should note that the stock is now trading around $68.00 a share as the wildfires in Southern California continue to spread. The stock is now trading below its important 50 and 200-day moving averages. This chart pattern indicates weakness in the equity and potentially further downside.
The next major support area for EIX will be around the $62.00 level. This is where the stock should be defended by the institutional money. In February 2016, EIX stock broke out from this area. Very often, when falling stocks retest there prior break-out levels they will be supported and defended. This is a trade area where I will look to get involved in the stock on the long side. I will be trading the stock by buying the equity or by buying call options in the name.
Nicholas Santiago
InTheMoneyStocks
Recent EIX News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 08:33:19 PM
- Southern California Edison Announces Redemption of SCE Series E Preference Stock • Business Wire • 05/07/2024 06:32:00 PM
- Edison International Reports First-Quarter 2024 Results • Business Wire • 04/30/2024 08:05:00 PM
- Southern California Edison Declares Dividends • Business Wire • 04/25/2024 08:27:00 PM
- Statewide Partnership Aims to Deliver More Clean Energy Faster to Californians and Support State Climate Goals • PR Newswire (US) • 04/18/2024 05:30:00 PM
- Edison International Celebrates Its 2024 Edison Scholars • Business Wire • 04/11/2024 08:14:00 PM
- Advisory for Tuesday, April 30: Edison International to Hold Conference Call on First Quarter 2024 Financial Results • Business Wire • 04/02/2024 08:05:00 PM
- SCE Customers Save $86 on April Bills, Thanks to California Climate Credit • Business Wire • 03/19/2024 10:50:00 PM
- Want an Exciting Career? Edison International Accepting Applications for Lineworker Scholarship Program Designed to Strengthen a Diverse Workforce • Business Wire • 03/07/2024 09:30:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 03/07/2024 05:29:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:24:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:18:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:47:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:36:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:34:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:32:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:30:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:26:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:25:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 07:22:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 10:20:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:44:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:41:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:37:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:32:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM