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How’s Southern Company Stock Placed for 2019?

Vincent Kruger
How’s Southern Company Stock Placed for 2019?

Regulated utility giant Southern Company (SO) stock has underperformed its peers in 2018. The company’s power plant issues continued to dent its stock in 2018. Southern Company stock has fallen 9% in 2018. On average, Southern Company’s peer utilities (XLU) have risen marginally. Southern Company stock is trading at $43.9, which is almost 4% and 3% below its 50-day and 200-day moving average levels, respectively. The fair discount to both of these levels underlines weakness in the stock. The moving average levels around $45.4 and $46.0 could act as a resistance for the stock in the short term. ...