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Possible Trend Reversal, Southern Co Down on Heavy Volume (SO)

By Shiri Gupta

Southern Co's stock is down -0.8% to $57.65 on heavy trading volume. About 5.3 million shares have been traded today, as compared to the 30-day average volume of 4.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 25.2%. We continue to monitor SO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Southern Co have traded between a low of $42.50 and a high of $58.78 and are now at $57.20, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.49% higher over the past week, respectively.

Keywords: unusual volume southern co

Ticker(s): SO