Southern Company: Electric Usage Rising for Turning on Summer AC
Southern 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.
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.
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