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

By Shiri Gupta

Today, shares of Southern Co (NYSE:SO) have crossed bullishly above their 10-day moving average of $43.93 on a volume of 728K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $54.64 and are now at $44.06, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Southern Co on December 5th, 2017 by issuing a Downtrend alert when the shares were trading at $50.10. Since that call, shares of Southern Co have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses southern co

Ticker(s): SO