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March 4, 2021, 5:20 p.m. EST

Sometimes Stocks Move Fast, and Southern $SO is no Exception

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Mar 04, 2021 (Stock Traders Daily via COMTEX) -- Whether a stock moves fast or slow, one thing is always true. The forces of supply and demand determine the price of Southern /zigman2/quotes/208000495/composite SO +0.81% and every other stock on the market. The price someone is willing to pay for SO directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for SO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SO Report.

The technical summary data tells us to buy SO near 57.40 with an upside target of 60.03. This data also tells us to set a stop loss @ 57.23 to protect against excessive loss in case the stock begins to move against the trade. 57.40 is the first level of support below 57.41 , and by rule, any test of support is a buy signal. In this case, support 57.40 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of SO as it gets near 60.03 with a downside target of 57.40. We should have a stop loss in place at 60.2though. 60.03 is the first level of resistance above 57.41, and by rule, any test of resistance is a short signal. In this case, if resistance 60.03 is being tested, so a short signal would exist.

COMTEX_382161019/2570/2021-03-04T17:19:36

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/208000495/composite
US : U.S.: NYSE
$ 65.01
+0.52 +0.81%
Volume: 5.31M
April 16, 2021 4:03p
P/E Ratio
22.23
Dividend Yield
3.94%
Market Cap
$68.34 billion
Rev. per Employee
$730,722
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