Southern Co. SO Stock Analysis

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.

Southern Co. SO Stock Technical Performance For The Last Year

SO Stock Price: $59.61

10 Day Moving-Average: $58.03

50 Day Moving-Average: $59.22

200 Day Moving-Average: $56.16

RSI: 55.6

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 ***

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