The Traderszone Network

Published in TZ Latest News 30 March, 2016 by The TZ Newswire Staff

Top Utility Stock Southern Climbs Into Buy Area

Southern Co. (SO), which supplies electricity in the Southeast, has risen into buy range, as defensive stocks remain in favor amid global economic uncertainty.

The big-cap utility is slightly above the 50.34 buy point of a long saucer-with-handle base, which it cleared March 15 in light volume. Southern is up about 9% for the year, while the S&P 50o is up only about 1%.

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