Southern Co. stock trades under the ticker SO & has recently shown some technical strength, making it worth looking at for a short term trade.
SO stock closed at $59.61 on 3/8/21, after gapping up & crossing it’s 50 Day Moving-Average, while also completing a bullish MACD crossover.
SO Stock Price: $59.61
10 Day Moving-Average: $58.03
50 Day Moving-Average: $59.22
200 Day Moving-Average: $56.16
SO Stock looks ready to move higher, with yesterday’s movement coming off of some of the highest volume their shares have had in months.
If they reach $60, I’ll be keeping an eye on the $60.88 level as in the last quarter there has been resistance around $61.
I’ll be looking at the $59.50 calls & puts with Friday expiration (3/12), as the overall market conditions are a bit ambiguous, with most eyes on tomorrow’s CPI numbers.
*** I DO NOT OWN SHARES OF SO STOCK ***