DailyPlay for Wednesday October 28th, 2015 – Southern Co (SO)

The bullish DailyPlay we chose for Wednesday October 28th is Southern Co (SO). SO is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 4.21% move higher and its 1m and 6m trend indicator both turned bullish on 10/8.

Southern Co’s 1m and 6m trends have turned bullish on 9/29 and recently bounced higher off its $45 support level. With a technical score of 7 (out of 10), SO looks positioned to continue this strong bullish trend higher towards its $48 resistance level.

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