SO is a utility company that sports a 4.14% dividend. The issue is utility companies usually fair poorly during rising rate environment. Roughly 17% drop for 1% increase. But they do fantastic in a recession since people may stop spending on many items but never on heating/AC. This gigantic pattern is either a rising channel into breakout or its a gigantic bear flag and will fail. It is backfilling to $62.82 but then could run for a while. Stop at $60 gives a 2% downside. Measured move to $88 gives a $26 profit on $62 investment of 42%. Lovely.
This is not intended as a recommendation to buy or sell. It is intended for informational purposes only.