Chart of the Day - Sonic Automotive (SAH)

The "Chart of the Day" is Sonic Automotive (SAH), which showed up on Friday's Barchart "52-Week High" list. Sonic on Friday posted a new 3-1/2 year high of $18.64 and closed +5.10%. TrendSpotter issued a new Buy signal last Tuesday at $17.92. In recent news on the stock, Sonic on Feb 28 reported Q4 EPS of 43 cents, above the consensus of 38 cents. Sonic Automotive, with a market cap of $900 million, is one of the largest automotive retailers in the United States.