Bullish MACD for Sonic – Tale of the Tape

Sonic Corporation ’s (SONC) 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.