Edison International had its Relative Strength (RS) Rating upgraded from 65 to 72 Monday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Edison International can continue to rebound and clear that threshold.
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Edison International is working on a flat base with an 88.77 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
While EPS growth declined in the company's most recent performance report from 21% to 9%, the top line grew 11%, up from 9% in the prior report.
The company holds the No. 10 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR, Vistra and Talen Energy are among the top 5 highly rated stocks within the group.
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