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Bullish Moving Average Cross by Sonic Corp (SONC)

By David Diaz

Sonic Corp (NASDAQ:SONC) shares have crossed bullishly above their 10-day moving average of $24.69 on a volume of 119K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Sonic Corp share prices have moved between a 52-week high of $30.05 and a 52-week low of $22.11 and are now trading 13% above that low price at $24.92 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Sonic Corp and will alert subscribers who have SONC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sonic corp

Ticker(s): SONC