Southern Company (SO) Offering Possible 9.89% Return Over the Next 9 Calendar Days

Southern Company's most recent trend suggests a bearish bias. One trading opportunity on Southern Company is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 9.89% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $67.50 long call 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 down which suggests that the medium-term momentum for Southern Company is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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

Georgia Power places focus on literacy during Georgia Pre-K Week
Mon, 04 Oct 2021 16:37:00 +0000
Georgia Power has partnered with the nonprofit organization Voices for Georgia's Children for the eighth consecutive year to celebrate Pre-K Week across the state. Like 2020, this year will be completely virtual due to the COVID-19 pandemic.

Southern Company Gas names Fredie Carmichael vice president of corporate communications
Fri, 01 Oct 2021 12:30:00 +0000
Southern Company Gas has named Fredie Carmichael vice president of corporate communications. In his new role, Carmichael will lead public and media relations, employee and customer communications and creative, digital and social media initiatives for the business's four natural gas distribution companies, as well its nonutility holdings. The change will be effective Oct. 4, 2021.

Duke Energy extends Covid moratorium on power disconnections as advocacy groups attack its efforts
Fri, 01 Oct 2021 00:58:13 +0000
Duke Energy takes issue with reporting by nonprofits Bailout Watch and the Center for Biological Diversity that, despite a moratorium on disconnections for nonpayment of bills, its utilities have cut off power to some 60,700 customers while it received federal Covid-19 aid.

Georgia Power highlights habitat conservation efforts for last week of Environmental Awareness Month
Wed, 29 Sep 2021 18:34:00 +0000
In honor of the fourth week of Environmental Awareness Month this September, Georgia Power is highlighting its efforts around protecting and managing habitats throughout the state, such as the company's right-of-way management, including special management areas for rare plants like the Georgia aster and the smooth purple coneflower.

Are The Southern Company (NYSE:SO) Investors Paying Above The Intrinsic Value?
Wed, 29 Sep 2021 16:12:52 +0000
Does the September share price for The Southern Company ( NYSE:SO ) reflect what it's really worth? Today, we will…

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