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Southern Co (SO) Breaks Through Resistance at $44.07

By Shiri Gupta

Shares of Southern Co (NYSE:SO) have bullishly opened above the pivot of $43.64 today and have reached the first resistance level of $44.07. Should the shares continue to rise, the resistance pivots of $44.37 and $45.09 will be of interest.

There is potential upside of 7.7% for shares of Southern Co based on a current price of $44.06 and an average consensus analyst price target of $47.44. The stock should run into initial resistance at its 50-day moving average (MA) of $44.60 and subsequent resistance at its 200-day MA of $47.09.

Southern Co share prices have moved between a 52-week high of $53.51 and a 52-week low of $42.38 and are now trading 4% above that low price at $44.06 per share. The 200-day and 50-day moving averages have moved 0.15% lower and 0.13% lower over the past week, respectively.

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: pivot alerts southern co

Ticker(s): SO