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

By James Quinn

Southern Co (NYSE:SO) crossed under its 10-day moving average of $55.75 on a volume of 570K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $56.54 and are now at $55.45, 30% 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 0.5%.

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 22.5%. 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