The Southern Co Crosses Below its 10-day MA (SO)
Today, shares of The Southern Co (NYSE:SO) have crossed bearishly below their 10-day moving average of $51.64 on a volume of 1.0 million 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.
Over the past year, The Southern Co has traded in a range of $41.40 to $54.64 and is now at $51.46, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.
SmarTrend is tracking the current trend status for The Southern Co and will alert subscribers who have SO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses the southern co