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Bearish Moving Average Cross by Southern Co (SO)

By Shiri Gupta

Southern Co (NYSE:SO) shares have crossed bearishly below their 10-day moving average of $47.24 on a volume of 1.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Southern Co have traded between a low of $42.38 and a high of $53.51 and are now at $46.76, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Southern Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Southern Co in search of a potential trend change.

Keywords: moving crosses southern co

Ticker(s): SO