Southern Company (The) Series 2025A 6.50% Junior Subordinated Notes due March 15, 2085
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SOJF trade ideas
SHORT Short by put option to weekly level support $42SHORT Short by put option to weekly level support $42
$SO $XLU Utilities bullish reversal possible. Going long utilities through the XLU and SO.
*Not trading advice - Your trade, your responsibility.*
Defensive stocks to buy. Part I.The market is kinda crazy at this moment, so I'm trying to buy some of the defensive stocks that I think will hold very well in the next few years. I will start buying @ $50-55.
Bearish Separating Line on SouthernBearish signal after prolonged rally, nice profit potential at last window at 66.24.
$SO Looking good for quick uptrendIm going to purchase some options on this expiring on the 4th, happy new year?
SO - poised for another big move up or climactic top?After trading mostly sideways for the better part of 2018 (effective range between $50 on the upper end and $42/$43 on the low end), SO eventually confirmed the bottom was in place and has gone on to gain roughly 45% YTD in 2019 (impressive rip for a utility). So, is this the end of the rally or just a breather before another leg up? Since the beginning of Q4 SO has essentially consolidated sideways between $60-$63. In early December it looked as if the stock was preparing to leg down as volume expanded and price closed at the lower end of the range; not to mention, a new low was printed the week starting 12/9. However, this new low looks to have been a false break as both volume and price expanded nicely and SO closed out and above the trading range. In fact, the weekly volume on this move was the largest since the bottoming process in 2018. The question at hand is this: are we witnessing a huge swoon in demand which is just the beginning of more bullish behavior in the future? Or, are we in the midst of a climactic volume peak and just beginning to put in a top? Last week's low volume, inside bar was actually a retest of the breakout and previous highs of the consolidation which lends itself well to the bullish picture. But, if indeed this is another leg up we will need to see continued demand and price expansion up and away from this zone. If, on the other hand, price reverses and closes back inside the previous consolidation, we could be seeing a subsequent false break to the top and eventual topping process. I'm leaning to the bullish side but with cautious optimism. Given that utilities, in their nature, are slower moving vehicles we will likely need weeks to see this unfold but opportunities are at the taking in either event. Another bullish bar on strong demand (wide price range, increased volume, strong close) will warrant a long; a strong reversal and close near the bottom on increased volume would lend itself to a potential short. Continuing to monitor this, will revert back.
Southern Co a Long term HoldQuite simply this utility company has one of the strongest charts within the market, it has a very steady growth trajectory with consistent volume and indicators remain on a fantastic bullish path.
If you are lucky enough to have this stock in your portfolio, cling on to it as the flight to such safety looks set to continue at the expense of they high flyer glamorous growth tech
P/e ratio 14.5%
Company profile
The Southern Co. is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945 and is headquartered in Atlanta, GA.
$SO:NYSE - SOUTHERN - Defensive stock running nicelyHave been having a look around for sticky revenue stocks and Southern looks quite good. Its had a 30% gain since the start of the year and popped up as a STRONG BUY here on Trading View based on the existing indicator patterns. It seems to have broken resistance and the RSI gives some hints it will continue to run. Worth a watch.
The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company's segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other. The Gas distribution operations segment includes natural gas local distribution utilities that construct, manage, and maintain intrastate natural gas pipelines and gas distribution facilities in seven states. The Gas marketing services segment provides natural gas commodity and related services to customers markets that provide for customer choice. The Wholesale gas services segment engages in natural gas storage and gas pipeline arbitrage. The Gas midstream operations consist primarily of gas pipeline investments, with storage and fuels.
Southern Company: Electric Usage Rising for Turning on Summer ACSouthern Company is a good play to make now both because all the Southerners are starting to turn on their air conditioning and about to inflate their electric usage dramatically. The utility sector is a great play to hedge against down market environments, and it looks like the big investors are already putting money into the sector to deal with the trade war circumstances.
Technicals look good with the pricing walking up the top Bollinger Band, rising MACD & histogram, rising DI+ and ADX above 20 showing a trend forming. RSI is not yet overbought, so there's still room to get on board before this one heats up.
Southern Co. #SOLooking to go long at Weekly Demand Zones in an all uptrend market. Confluence with Monthly and Weekly ascending trend lines and new Monthly Demand Zones formed.
Bullish Trade of the Week in SOLooking to establish a bullish position in SO either a debit spread or synthetic selling 43p / buying 45 c and buying a 39 put to free up buying power and reduce downside risk
SO Head and Shoulders / Descending Triangle / Broadening Wedge1D Chart. Expecting a bull run till 46 or so then back down
Southern ComapnySouthern Co.(Reuters Code: SO.N) is a utility company that owns power plants. The chart (attached) shows that it has completed a wave 4 at 47.50 level which coincides with the 200 moving average level, and it's now heading to complete wave 5 toward 52.30$ or the upper end of the channel. Stop level at 47.49$. The down play on this stocks would be an interest rate hike which is bad for utility stocks.
SO Long to 50's with 5.39% yieldDouble Divergence seen on RSI along with price confirmation of SO's most recent bottom. A "W" pattern is also setting up with a break above $45 further solidifying the opportunity for a low risk positional trade when taking the stated yield % into account. Pin bar seen on Heavy volume, and the most recent double bottom also coming on good volume.
