akillam1

EXI - Call Opportunity

Long
NYSE:EIX   EDISON INTERNATIONAL
EIX had a major gap down from 80 all the way down to 60 where it's trying to make its next run up. There is currently resistance at 70 and uptrend support at 67.50. 9 and 21 EMA at both about 68. Looking for dip buy opportunity at 68ish, looking for the break out at 70. MACD is about to confirm bullish cross on daily. This looks like a slight cup and handle break out opportunity. We'll keep a tight stop loss under 67.00

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