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SmarTrend Watching for Potential Pullback in Shares of Southern Co After 1.12% Gain

By David Diaz

Southern Co (NYSE:SO) traded in a range yesterday that spanned from a low of $54.08 to a high of $54.24. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $54.14 on volume of 1.8 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, Southern Co share prices have been bracketed by a low of $42.42 and a high of $54.14 and are now at $54.11, 28% 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 0.4%.

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