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Southern Co Set to Possibly Pullback After Yesterday's Rally of 1.30%

By James Quinn

Southern Co (NYSE:SO) traded in a range yesterday that spanned from a low of $43.75 to a high of $44.42. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $43.94 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Southern Co has traded in a range of $42.38 to $53.51 and is now at $44.37, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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