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Sonic Automoti-A: 52-Week High Recently Eclipsed (SAH)

By Shiri Gupta

Sonic Automoti-A (NYSE:SAH) traded today at a new 52-week high of $29.87. So far today approximately 163,000 shares have been exchanged, as compared to an average 30-day volume of 293,000 shares.

Sonic Automoti-A (NYSE:SAH) is currently priced 25.2% above its average consensus analyst price target of $22.33. The stock should find initial support at its 50-day moving average (MA) of $25.88 and further support at its 200-day MA of $18.95.

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.

Sonic Automoti-A share prices have moved between a 52-week high of $29.87 and a 52-week low of $12.78 and are now trading 134% above that low price at $29.87 per share. The 200-day and 50-day moving averages have moved 1.09% higher and 1.64% higher over the past week, respectively.

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 91.7%. 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