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Sina(SINA - Get Report) is an online media company and MVAS provider in the People's Republic of China (PRC) and the global Chinese communities. This stock is trading up 8.7% at $75.87 in recent trading.
Today's Volume: 6.6 million
Average Volume: 5.5 million
Volume % Change: 110%
From a technical perspective, SINA is gapping up huge today on heavy volume, and it's triggered a near-term breakout above some overhead resistance at $70.76.
Traders should continue to look for long biased trades in SINA if it can trigger its next big breakout trade. That trade will trigger once SINA takes out some near-term overhead resistance at $77.80 with volume. A sustained
high-volume move and close over $70.76 will set this stock up to re-test its 200-day moving average of $84.43 or trend much higher. Look for volume on that move that's near or well above 5.5 million shares.
Sina was also featured recently in "
5 Stocks With Breakout Potential."