Buy signal holding steady, earnings land this week
Edison International climbs 3.2% and tests its recent highs again
Buy signal holding steady, earnings land this week
Our view last week
Edison International tests its recent highs for the third time in ten weeks: the week closes down 0.6%, after the 7% rebound off the double bottom near 70. The buy signal stays confirmed, with strength unchanged at 38 out of 100 from last week. Our weekly technical analysis calls for caution on timing, with earnings due in two weeks.
This week's summary
Edison International shares gain 3.2% this week and push back toward their recent highs, after the clean double bottom in the 71 area two weeks ago. The buy signal is still standing, but signal strength eases slightly to 35 out of 100, and our weekly technical analysis says don't chase the move: better to wait for a pullback. Earnings land in the next few days.
IQS Phase
70
in tension
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#96 / 112
US stocks in progress
Trade P&L %
+2.59%
from signal to today
restricted Platinum content