Southern Company (SO) Offering Possible 36.99% Return Over the Next 28 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 $60.00 short call and a strike $65.00 long call offers a potential 36.99% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock rose above the $65.00 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 at 41.97 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 Co. (SO) Stock Moves -1.13%: What You Should Know
Wed, 18 Mar 2020 21:45:09 +0000
Southern Co. (SO) closed the most recent trading day at $55.92, moving -1.13% from the previous trading session.

Georgia Power assures continued safe and reliable service, offers resources and tips for customers during COVID-19 pandemic
Tue, 17 Mar 2020 21:42:00 +0000
Georgia Power remains committed to providing customers continued safe and reliable service, while offering updates on additional energy assistance programs and providing the latest scam avoidance tips as the COVID-19 pandemic continues.

Utilites sector ETF has best day ever as recession fears rise
Tue, 17 Mar 2020 20:21:00 +0000
The SPDR Utilities Select Sector ETF had its best day ever on Tuesday, as the defensive sector benefited from increased fears that an economic recession was inevitable. The utilities sector tracker (XLU) shot up 12.8% to $57.66 to be the best performer among SPDR ETFs tracking the S&P 500's 11 key sectors. The gain surpassed the ETF's previous record gain of 12.1% on Oct. 13, 2008, in the midst of the financial crisis. The ETF started trading in December 1998. Tuesday's gain was in the face of a sharp selloff in Treasury prices (rise in yields), with the yield on the 10-year Treasury note climbing basis 26.9 basis points to 0.997%. Utilities often act as a bond proxy, given their relatively high dividend yields and relatively stable stock prices, resulting from their relatively stable earnings streams. Among the XLU's best performers Tuesday, shares of Southern Co. charged 18.8% higher, Consolidated Edison Inc. ran up 18.0% and Exelon Corp. powered 18.0% higher. The XLU has lost 18.1% over the past month, while the S&P 500 has dropped 25.2%. The XLU's dividend yield is was 3,31% as of Tuesday's closing price, while the implied yield for the S&P 500 was 2.41%, according to FactSet.

A Sliding Share Price Has Us Looking At The Southern Company's (NYSE:SO) P/E Ratio
Tue, 17 Mar 2020 13:18:30 +0000
To the annoyance of some shareholders, Southern (NYSE:SO) shares are down a considerable 31% in the last month. Even…

Georgia energy and gas companies suspend service disconnections during coronavirus outbreak
Mon, 16 Mar 2020 15:45:34 +0000
Georgia Power and Atlanta Gas Light announced they will not disconnect service because of non-payment.

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