Energy companies are quite predictable, and $SO is one of the best Energy providers in the United States. Highest employee favourability and a top choice by many investors for consistent growth.
One of the best things about $SO is that it has consistent swings of 10-20% and you can catch these swings over 4-6 Month periods.
Buying here between $62-$64 and will...
So far Southern Company has moved with the market. Historics say we may move down a little more before moving up by November.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement...
Momentum on the daily is moving favorably though the stock didn't hold the engulfing pattern. RSI corroborates the downward trend with most recent standing of "oversold" as it touches the 200 SMA. I'm looking at a bounce off the 200 SMA over the next couple weeks to hold the upward trajectory SO's held since May 2020.
If we can't hold the 200 SMA this week I'm...
Basic Facts:
Southern Company is itself a holding organization who owns all of the Common Stock for Alabama Power, Georgia Power, Mississippi Power, and Southern Gas; all of which are publically operating utilities. Southern’s other holdings include Natural Gas Distribution, Marketing, Wholesale services, and pipeline investments.
Growth Factors:
The total...
SO has retraced almost to the .786 fib which has been major support. I am watching for a bounce to the upside. If so, I will add to my position if it breaks resistance at the .618 fib.
Following an ascending channel
150 & 200 MA are equal.
50 MA crossed above
Expect a 3-4% increase in next month or two.
Pays great div
Revenue growth over 20%
