Southern Co Stock Code SO.NYS
Outlook
Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. With price closing at its highest point in the previous trading session, it adds to the bullishness of the breakout. Conversion and Base lines remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous price high at $76.16 in the next 2-3 weeks.
Strategy
$71.90 Buy
$76.15 Price Target
$70.10 Risk Management Stop
3 weeks Trade Duration
