For sale is a cheap Utility called EIX notes are listed below, an easy trade back up to ceiling/support.
- 2.86% yield (3.3% 5yr AVG) - 10.1 FrwdPE - 9.5PE - 1.9PB -
- DCF Valuation @ $54
- Easy Trade
- *NOTE* There is still some downside potential if the sector (XLU) doesn't catch a break next week.
I posted last week that the market looks to trade somewhere in the box of 1600 to 1675, until further action. At this point this hasn't changed, and if the jobs # holds up on 6/7/13 we could see a test of the downside trend to the upside. Ultimately for the second week of June this market is a place for traders, ...