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Southern Co Bearish Moving Average Crossover Alert (SO)

By Amy Schwartz

Today, shares of Southern Co (NYSE:SO) have fallen below their 10-day MA of $61.67 on a volume of 179K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Southern Co has traded in a range of $42.50 to $62.36 and is now at $61.39, 44% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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: moving crosses southern co

Ticker(s): SO