In a welcome move, Southern saw its Relative Strength Rating rise from 70 to 74 on Wednesday.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Southern can continue to show renewed price strength and hit that benchmark.
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Southern is trying to complete a flat base with a 94.45 buy point. See if the stock can break out in volume at least 40% above average.
Southern posted 1% earnings growth in its most recent report, while sales growth came in at 4%.
The company holds the No. 11 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR, Vistra and Talen Energy are among the top 5 highly rated stocks within the group.
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