BUY: Edison International (NYSE: EIX) $56.14 (6/18/07)
Sell price: $ 58.95 or
Sell date: July 18, 2007
Stop loss: $54.90 (-2.3%) - ATR(10) * 1.5
DI+/DI- bullish crossover
EMA bullish
Stochastic analysis very bullish
Nice consolidation and bounce off 50-day MA
MACD trending bullish this week, possible 0 crossover by end of week
Profile: Edison International is a holding company. Through its subsidiaries, the Company operates in three segments: an electric utility operation segment, a non-utility power generation segment and a financial services provider segment. In the electric utility operation segment, the Company operates through its subsidiary, Southern California Edison Company (SCE). In the non-utility power generation segment, it operates through Mission Energy Holding Company (MEHC) and Edison Mission Energy (EME). In the financial services provider segment, Edison International operates through Edison Capital. SCE is a public utility company primarily engaged in the business of supplying electric energy. MEHC is the holding company of EME. EME is an independent power producer engaged in the business of developing, acquiring, owning or leasing, operating and selling energy and capacity from independent power production facilities. Edison Capital has investments in energy and infrastructure projects worldwide.
$55.73 (06/19/07)
