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Watch for Shares of Southern Co (SO) to Approach Resistance at $48.59

By James Quinn

Shares of Southern Co (NYSE:SO) have bullishly opened above the pivot of $48.15 today and have reached the first resistance level of $48.43. Analysts will be watching for a cross of the next upside pivot targets of $48.59 and $49.03.

In the past 52 weeks, shares of Southern Co have traded between a low of $46.20 and a high of $54.64 and are now at $48.53, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.29% higher over the past week, respectively.

Southern Co has overhead space with shares priced $48.53, or 4.5% below the average consensus analyst price target of $50.81. Southern Co shares should encounter resistance at the 50-day moving average (MA) of $50.07 and support at its 200-day MA of $46.66.

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