Not So Super Sonic Corp

[Bryan Leighton]

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

InTheMoneyStocks