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Sina Crosses Above its 10-day MA (SINA)

By David Diaz

Today, shares of Sina (NASDAQ:SINA) have crossed bullishly above their 10-day moving average of $76.33 on a volume of 213K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Sina has traded in a range of $32.61 to $85.24 and is now at $76.72, 135% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Sina and will alert subscribers who have SINA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): SINA