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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%
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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.