8 Stocks Rising on Huge Volume
Sina
Sina (SINA) 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." Follow @stockpickrSelect the service that is right for you!
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