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Southern Co Crosses Above its 10-day MA (SO)

By David Diaz

Southern Co (NYSE:SO) crossed over its 10-day moving average of $57.50 on a volume of 1.5 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Southern Co share prices have been bracketed by a low of $42.50 and a high of $58.78 and are now at $57.81, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

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 24.9%. 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