Sonic Downward Momentum Looks to Continue (SONC)
Tuesday, March 9, 2010 - 07:09
Written on Tue, 03/09/2010 - 7:09am
By Chip Brian

SmarTrend identified a Downtrend for Sonic (NASDAQ:SONC) on January 06, 2010 at $9.12. In approximately 2 months, Sonic has returned 6.2% as of today's recent price of $8.55.
Sonic is currently below its 50-day moving average of $8.86 and below its 200-day moving average of $9.89. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sonic.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): SONC

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