Thursday, August 18, 2011

Southern Company - SO - Barchart Chart of the Day

Barchart.coms Chart of the Day - Southern Company (SO)
Related Stocks
SO - Southern Company
Sym Last Chg Pct
SO 40.61 +0.36 +0.89%
The "Chart of the Day" is Southern Company (SO), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also on Barchart's "All Time High" list. Southern Company on Wednesday rallied by 0.89% and posted a new all-time high of $40.85. In recent news on the stock, Southern Company on July 27 reported Q2 EPS of 71 cents, well above the consensus of 64 cents. Macquarie on Aug 11 upgraded Southern to Outperform from Neutral and raised the target to $43 based on dividend yield and growth. Southern Company, with a market cap of $34 billion, is a large power company based in Atlanta.

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are mostly a "Buy" and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Sell
  • Overall Average 96% Buy

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Chart of the Day Archive
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