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Shares of Sonic Automoti-A Rise to a New 52-Week High

By David Diaz

Sonic Automoti-A (NYSE:SAH) traded at a new 52-week high today of $28.17. This new high was reached on below average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 263,000 shares.

Sonic Automotive, Inc. is an automotive retailer. The Company operates dealers and collision repair centers in the metropolitan southeastern, midwestern, and southwestern United States. The Company sells new and used cars and light trucks as well as replacement parts. Sonic also provides vehicle maintenance, warranty, paint, repair services, and arranges financing services.

In the past 52 weeks, Sonic Automoti-A share prices have been bracketed by a low of $12.78 and a high of $28.17 and are now at $28.17, 120% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.5%.

Sonic Automoti-A (NYSE:SAH) defies analysts with a current price ($28.17) 20.7% above its average consensus price target of $22.33. Sonic Automoti-A shares have support at the 50-day moving average (MA) of $21.86 and additional support at the 200-day MA of $17.51.

SmarTrend recommended that subscribers consider buying shares of Sonic Automoti-A on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.11. Since that recommendation, shares of Sonic Automoti-A have risen 72.3%. We continue to monitor SAH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sonic automoti-a

Ticker(s): SAH