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Southern Co: 52-Week High Recently Eclipsed (SO)

By Nick Russo

Southern Co (NYSE:SO) traded at a new 52-week high today of $63.09. So far today approximately 305,000 shares have been exchanged, as compared to an average 30-day volume of 3.2 million shares.

Southern Co (NYSE:SO) defies analysts with a current price ($62.90) 24.6% above its average consensus price target of $47.44. The stock should find initial support at its 50-day moving average (MA) of $60.63 and further support at its 200-day MA of $54.93.

The Southern Company is a public utility holding company. The Company, through its subsidiaries, generates, wholesales, and retails electricity in the southeastern United States. The Company also offers wireless telecommunications services, and provides businesses with two-way radio, telephone, paging, and internet access services, as well as wholesales fiber optic solutions.

Southern Co share prices have moved between a 52-week high of $63.09 and a 52-week low of $42.50 and are now trading 48% above that low price at $62.90 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Southern Co and will alert subscribers who have SO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows southern co

Ticker(s): SO