Southern Company (SO) Offering Possible 16.01% Return Over the Next 17 Calendar Days

Southern Company's most recent trend suggests a bullish bias. One trading opportunity on Southern Company is a Bull Put Spread using a strike $69.50 short put and a strike $64.50 long put offers a potential 16.01% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $69.50 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock dropped below the $64.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Southern Company is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Southern Company is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Southern Company

PennEast seeks to build natgas pipe in Pennsylvania first, N.J. later
Fri, 31 Jan 2020 14:04:42 +0000
PennEast Pipeline Co LLC said Friday it asked federal energy regulators for permission to build the Pennsylvania part of its proposed natural gas pipeline first due to difficulty in gaining approvals in New Jersey. The company said in a filing with the U.S. Federal Energy Regulatory Commission (FERC) that it expects to be able to complete the Pennsylvania section of the pipe by November 2021. As for New Jersey, the company said it was targeting completion of the second phase of the project from Pennsylvania into New Jersey in 2023.

U.S. FERC sides with PennEast natgas pipeline NJ eminent domain case
Thu, 30 Jan 2020 20:19:19 +0000
The U.S. Federal Energy Regulatory Commission on Thursday supported the view of companies developing the $1 billion PennEast natural gas pipeline that they can use federal eminent domain to gain access to properties owned by New Jersey. PennEast sought the FERC decision after the U.S. Court of Appeals for the Third Circuit ruled in September that the company could not use federal eminent domain to condemn land controlled by the state. FERC in January 2018 approved PennEast's request to build the pipeline from Pennsylvania to New Jersey, and the company promptly sued in federal court under the U.S. Natural Gas Act to use the federal government's eminent domain power to gain access to properties along the route.

Southern Company earns perfect score in Human Rights Campaign Foundation's 2020 Corporate Equality Index
Thu, 30 Jan 2020 18:01:00 +0000
Southern Company has earned a 100 percent rating on the Human Rights Campaign Foundation's 2020 Corporate Equality Index (CEI). This is the fourth consecutive year Southern Company has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation.

The Zacks Analyst Blog Highlights: Fomento Economico Mexicano, Southern Company, DISH Network, NextEra Energy and Charles Schwab
Thu, 30 Jan 2020 15:10:03 +0000
The Zacks Analyst Blog Highlights: Fomento Economico Mexicano, Southern Company, DISH Network, NextEra Energy and Charles Schwab

Top Utilities Stocks for January 2020
Wed, 29 Jan 2020 15:00:35 +0000
The utilities sector is made up of companies that provide electricity, natural gas, water, sewage and other services to homes and businesses. Many of these companies are heavily regulated, and they include Dominion Energy Inc.

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