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Analyzing Southern Company before Its 1Q17 Earnings

PART:
1 2 3 4 5 6
Part 5
Analyzing Southern Company before Its 1Q17 Earnings PART 5 OF 6

Reviewing Southern Company’s Chart Indicators and Short Interest

Chart indicators

Southern Company (SO) stock has been trading in a narrow range for the last several trading sessions. Currently, it’s trading at par to its 50-day and 200-day moving average levels.

When a stock price rises above or falls below a moving average, it’s considered a bullish or bearish sign, respectively.

Southern Company stock has underperformed its peers by a huge margin in the past year. During this period, Southern Company rose 2%, while NextEra Energy (NEE) and Dominion Resources (D) rose 15% and 11%, respectively.

Reviewing Southern Company’s Chart Indicators and Short Interest

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Relative strength index

Southern Company’s RSI (relative strength index) stands at 52. The RSI is a momentum indicator made up of values between 0–100. Movements below 30 are considered in the “oversold” zone. Movements above 70 are considered to be in the “overbought” zone and could hint at an imminent reversal in the stock.

Short interest

Short interest in Southern Company fell 7% on April 13, 2017. Total shorted shares in the company were 24.3 million on March 31, 2017, and fell to 22.7 million by April 13, 2017. The fall in short interest might mean that fewer investors expect the stock to fall in the near-term from its current levels.

Short interest indicates the number of a company’s shares that have been sold short and haven’t been covered. The number also helps track investor sentiment.

To learn more about Southern Company and its recent issues, read After Kemper, Westinghouse’s Bankruptcy Bites Southern Company.

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