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Where SRE and EIX Stock Could Go from Here


Feb. 7 2019, Updated 10:30 a.m. ET

Moving averages

So far, Sempra Energy (SRE) stock has risen almost 10% in 2019. Currently, Sempra Energy is trading at $117.1, which is nearly 3% above its 50-day and 200-day moving average levels. Sempra Energy’s 200-day moving average around $113.2 could act as a support in the short term. Sempra Energy is trading in the overbought zone with an RSI (relative strength index) at 77.

A stock is considered “oversold” when its RSI drops below 30 and “overbought” when its RSI rises above 70. Extreme RSI values could suggest an impending reversal in the stock’s direction.

Sempra Energy is trading 8% below its 52-week high of $127.0 in September. The stock has rallied more than 16% from its 52-week low of $100.5 on June.

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Edison International

Edison International (EIX) stock didn’t trade above its 50-day moving average level. Currently, Edison International is trading at $56.1, which is almost 1% and 10% below its 50-day and 200-day moving average levels, respectively. The level close to $62.7 is expected to act as a strong resistance for Edison International stock in the near future. Edison International has an RSI of 52, which suggests that it isn’t in the oversold or the overbought zone.

Edison International stock is trading 21% lower than its 52-week high of $71.0 in October. Edison International stock has rallied more than 23% from its 52-week low of $45.5 in November.


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