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Southern Co Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of Southern Co (NYSE:SO) traded at a new 52-week high today of $51.89. This new high was reached on below average trading volume as 208,000 shares traded hands, while the average 30-day volume is approximately 4.9 million shares.

In the past 52 weeks, shares of Southern Co have traded between a low of $42.42 and a high of $51.89 and are now at $51.51, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

Southern Co (NYSE:SO) defies analysts with a current price ($51.51) 7.9% above its average consensus price target of $47.44. The stock should find initial support at its 50-day moving average (MA) of $48.11 and further support at its 200-day MA of $46.22.

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.

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 13.2%. We continue to monitor SO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows southern co

Ticker(s): SO