SAH Sonic Automotive - Currently Entering Short ZoneSAH is setting up nicely for a short. Reward/risk is 4.36 with stop loss and first profit target as pictured, assuming entry orders are scattered across the red short zone.Shortby MicDrop50
LONG SAH BIG+% returns Equity Yields and TrendSAH Forwards eps rose this will lead to a price increaseLongby adamvibeo1
$SAH looks ready to go$SAH looks ready to go I have considered two possible entries according to the behaviour of the price in the coming days. Looking at the markets I would not stay for so long ridding the wave and I will take profits in a Profit/Risk of 3 but it you want the long profit levels: TP1: 64 TP2: 71Longby NEO_Trading0
Baby, you can drive my carRead this article here In my country, where there are plenty of taxis and now with Grab and Uber, the incentives to get a car, even a used car (we call it 2nd hand car) has plunged even further (at least for me). Getting around is really easy with MRT and public buses. Occasionally, if I am out with my family , we might take a Grab taxi. But now, these Grab and Uber drivers are badly hit in their business as they are allowed to take only 3 passengers instead of the usual 4. A family with 2 kids would consist of 4 passengers and this make it hard for me to travel by this mode. However, in big country like US where there are many states and used cars price are much cheaper compared to SG, the incentives to get one is there. Looking at the chart, if you think SPX500 V shaped reversal of around 60% is a big deal, wait till you check out this stock. It has gone up 400% at peak or 300% at current price since the March low. That is 5x better than investing in SPX500. I believe this buying of used car trends will continue as disposable income continues to suffer, job market is still in doldrums, retrenchment and wage cuts still rampant. Longby dchua1969Updated 1
$SAH Sonic Automotive on the road to All Time HighsEntry level $35.00 = Target price $38.00 = Stop loss $34.00 Morgan Stanley raised price target from $31- $22 P/E ratio very reasonable at 12.12 Short interest could drive the stock higher at 16%. Company profile Sonic Automotive, Inc. operates as a automotive retailer. Its services include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services and arrangement of extended service contracts, financing, insurance, vehicle protection products and other aftermarket products for automotive customers. The company operates its business through the following segments: Franchised Dealerships and EchoPark. The Franchised Dealerships segment provides comprehensive services, which include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services. The EchoPark segment sales used cars and light trucks. Sonic Automotive was founded by Ollen Bruton Smith and Bryan Scott Smith in January 1997 and is headquartered in Charlotte, NC.Longby Bullishcharts24