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Watch for Continued Gains in Shares of Southern Co (SO)

By James Quinn

Shares of Southern Co (NYSE:SO) traded at a new 52-week high today of $54.51. Approximately 147,000 shares have changed hands today, as compared to an average 30-day volume of 4.2 million shares.

Over the past year, Southern Co has traded in a range of $42.50 to $54.51 and is now at $54.46, 28% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

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 12.9% above its average consensus analyst price target of $47.44. The stock should find initial support at its 50-day moving average (MA) of $52.43 and further support at its 200-day MA of $47.82.

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 18.9%. 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