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Southern Co: The Winning Streak Continues (SO)

By David Diaz

Shares of Southern Co (NYSE:SO) traded at a new 52-week high today of $52.98. Approximately 449,000 shares have changed hands today, as compared to an average 30-day volume of 4.4 million shares.

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.

Southern Co (NYSE:SO) is currently priced 10.3% above its average consensus analyst price target of $47.44. Southern Co shares have support at the 50-day moving average (MA) of $50.68 and additional support at the 200-day MA of $47.10.

In the past 52 weeks, Southern Co share prices have been bracketed by a low of $42.42 and a high of $52.98 and are now at $52.90, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Southern Co and will alert subscribers who have SO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows southern co

Ticker(s): SO