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7 Stocks Rising on Big Volume


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Sina (SINA - Get Report) is an online media company serving China and the global Chinese communities. This stock is trading up 1% at $56.63 in recent trading.

Today's Volume: 3 million Average Volume: 2.7 million

Volume % Change: 57%

>>3 Internet Stocks Ready to Move Higher

From a technical perspective, SINA is moving modestly higher today right off some near-term support at $55 with above average volume. This move follows yesterday's major gap up with huge volume after SINA reported earnings.

Traders should now look for long-biased trades in SINA once it manages to clear some near-term overhead resistance levels at $58.20 to $60.02, and then $61.41 with high volume. Look for a sustained move or close above those levels with volume that registers near or above 2.7 million shares. If that breakout triggers soon, then SINA will have a great chance of re-testing or possibly taking out its next major overheard resistance level at $65.79.
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DECK $58.67 1.50%
FNSR $16.34 -0.70%
IMOS $17.03 1.20%
ORIG $1.94 -7.60%
SINA $49.79 -0.60%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

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