Southern Company (SO) Offering Possible 7.99% Return Over the Next 6 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 $55.00 short put and a strike $50.00 long put offers a potential 7.99% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Southern Company is bearish and the probability of a decline 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 at 57.32 level which suggests that the stock is neither overbought nor oversold at this time.

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

Southern Power Closes Sale of Nacogdoches Generating Facility to Austin Energy
Thu, 13 Jun 2019 20:30:00 +0000
ATLANTA, June 13, 2019 /PRNewswire/ — Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today completed the previously announced sale of the Nacogdoches Generating Facility to Austin Energy for $460 million, subject to customary working capital adjustments. “The sale of the biomass facility provides benefits to Southern Power and offers Austin Energy the opportunity to own a significant regional energy resource,” said Southern Power President, Bill Grantham.

See what the IHS Markit Score report has to say about Southern Co.
Thu, 13 Jun 2019 12:06:09 +0000
Southern Co NYSE:SOView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for SO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SO. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding SO are favorable, with net inflows of $11.96 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. SO credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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Wed, 12 Jun 2019 19:23:07 +0000
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Southern Co (SO) President & CEO, APC Mark A. Crosswhite Sold $14.6 million of Shares
Wed, 12 Jun 2019 00:15:02 +0000
President & CEO, APC of Southern Co (NYSE:SO) Mark A. Crosswhite sold 267,442 shares of SO on 06/10/2019 at an average price of $54.42 a share.

Here's What You Should Know About The Southern Company's (NYSE:SO) 4.5% Dividend Yield
Sun, 09 Jun 2019 13:45:58 +0000
Today we'll take a closer look at The Southern Company (NYSE:SO) from a dividend investor's perspective. Owning a…

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