Sonic Getting Closer To Key Technical Benchmark

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Sonic ( SONC ) had its Relative Strength ( RS ) Rating upgraded from 67 to 72 Thursday -- a welcome improvement, but still short of the 80 or higher score you look for.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 as they begin their biggest runs. See if Sonic can continue to show renewed price strength and hit that benchmark.

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Sonic is working on a cup without handle with a 30.15 entry . See if the stock can clear the breakout price in heavy trade.

Sonic reported 0% earnings growth in its most recent report. Sales gains came in at -24%. The company is expected to report its latest numbers on or around Jan. 4.

Sonic earns the No. 20 rank among its peers in the Retail-Restaurants industry group. Shake Shack ( SHAK ), Wingstop ( WING ) and Bob Evans Farms ( BOBE ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: RS , SHAK , WING ,

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