TMCnet News
Uptrend Call Working As Sonic Automotive Stock Rises 32.9% (SAH)Nov 30, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Sonic Automotive (NYSE:SAH) on July 5th, 2012 at $14.78. In approximately 5 months, Sonic Automotive has returned 32.95% as of today's recent price of $19.65. In the past 52 weeks, Sonic Automotive share prices have been bracketed by a low of $11.88 and a high of $20.23 and are now at $19.65, 65% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%. 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, and repair services, and arranges financing. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Sonic Automotive shares.Log in and add Sonic Automotive (SAH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |