EIX / Edison International
Posted: Tuesday Sep 20 9:30:28AM 2011
Results as of 11:27am ET, Tuesday, Sep 20: EIX/NYSE Price: $38.47 Direction: Sell Strength: 96% Trading above 50-day and 200-day MA: Bullish. 50-day is below 200-day MA: Bearish. P&F bearish price objective: $26. RSI: 63.30 and rising: Bullish. Stochastics: Over-bought. MACD: Bullish. This is a stock I held until today. Occasionally I find a product like this one whose technical indicators overwhelmingly suggest buying shares while my calculations suggest just the opposite. Out of the 13 technical indicators I put into my equation today for EIX, 9 suggest BUY, 3 suggest SELL, 1 is neutral. Nevertheless my calculation produces a 96% SELL. I may consider shorting this stock in the congestion of the $38.50-39.00 area.