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Bearish Moving Average Cross by Southern Co (SO)

By Shiri Gupta

Today, shares of Southern Co (NYSE:SO) have crossed bearishly below their 10-day moving average of $55.02 on a volume of 750K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Southern Co has traded in a range of $42.50 to $55.95 and is now at $54.85, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Southern Co on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.68. Since that recommendation, shares of Southern Co have risen 21.5%. We continue to monitor SO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses southern co

Ticker(s): SO