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Actionable news in SO: THE SOUTHERN COMPANY,

Southern Co. (SO) Heading North, Shares Could Rise 10%

NEW YORK (TheStreet) -- Southern Co. (SO - Get Report) is one utility sporting a nice yield and an attractive chart pattern.

SO made what is called a double bottom pattern, holding the $42 area in June and again in September.

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Prices for SO are above the rising 50-day simple moving average. Also the trend-following Moving Average Convergence Divergence oscillator has turned up and is in positive territory above the zero line. If SO can break out over its August highs, the double bottom pattern measures to around the $52 area. Not a bad total return package.

Separately, TheStreet Ratings team rates SOUTHERN CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

We rate SOUTHERN CO (SO) a BUY. This is driven by multiple strengths...


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