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Sonic Corp Up 38.0% Since SmarTrend Uptrend Call (SONC)

By Nick Russo

SmarTrend identified an Uptrend for Sonic Corp (NASDAQ:SONC) on June 6th, 2018 at $26.26. In approximately 3 months, Sonic Corp has returned 37.99% as of today's recent price of $36.23.

In the past 52 weeks, Sonic Corp share prices have been bracketed by a low of $22.91 and a high of $39.75 and are now at $36.23, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.9%.

Sonic Corp. franchises and operates a chain of drive-in restaurants. The Company currently has company-owned and franchised restaurants, principally in the south central and southeastern United States. Sonic's restaurants offer made-to-order hamburgers and other sandwiches, as well as signature items.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Sonic Corp shares.

Log in and add Sonic Corp (SONC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights sonic corp

Ticker(s): SONC