Not So Super Sonic Corp (NASDAQ:SONC)

This morning, the leading fast food restaurant company Sonic Corp (NASDAQ:SONC) is plunging lower by nearly 5.0 percent. Last night, SONC reported earnings below forecast and signaled weak guidance. Traders should watch the $19.35 level in the coming days as a major daily chart support level. This is an area where Sonic Corp (NASDAQ:SONC) could see a bounce in the stock price.

 

 

 

Nick Santiago

www.InTheMoneyStocks.com

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