Edison Bulls in Charge

eix New York, June 6th (TradersHuddle.com) - Shares of Edison International (NYSE:EIX) booked a new 52 week high today by trading above $45.32, traders are definitely monitoring Edison's price action to see if this move attracts further buying into the stock.

Edison International (NYSE:EIX), through its subsidiaries, develops, acquires, owns, and operates electric power generation facilities worldwide.The California based company provides integrated energy services, utility outsourcing, and consumer products.

Edison is currently trading 0.2% versus its previous trading session close, and it has calculated support and resistance at $37.51 and $44.52 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading higher by 1.71% from its previous trading close, which means that Edison stock is underperforming the overall market.

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o Dow Jones 17,810.06 ▲91.06 (0.51%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:17,810.06 Trade time:4:33PM EST Value change:▲91.06 (0.51%)
INDEXSP:.INX

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Company ID [INDEXSP:.INX] Last trade:2,063.50 Trade time:4:33PM EST Value change:▲10.75 (0.52%)
INDEXNASDAQ:.IXIC

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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,712.97 Trade time:5:15PM EST Value change:▲11.10 (0.24%)

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