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Look for Shares of Southern Co to Potentially Pullback after Yesterday's 2.22% Rise

By Amy Schwartz

Southern Co (NYSE:SO) traded in a range yesterday that spanned from a low of $44.09 to a high of $44.99. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $44.70 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Southern Co have traded between a low of $42.38 and a high of $54.64 and are now at $44.90, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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: rebounders southern co

Ticker(s): SO