Bullish MACD for Sonic

Zacks

Sonic Corporation ’s (NasdaqGS:SONC - News) MACD indicator has entered into bullish territory with a reading of 0.0211. The Zacks #2 Rank (“Buy) stock increased more than 1% to $10.91 in morning trade. The Zacks Consensus Estimate for the year ending August 2011 has increased by 3 cents over the past month to 57 cents per share.

 

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