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Sina Rising on Above-Average Volume, Consistent With Trend (SINA)

By David Diaz

Shares of Sina are trading today in above average volume, with the share price rising 6.9% to $62.35. About 939,000 shares have been traded today, as compared to the 30-day average volume of 611,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Sina on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.29. Since that recommendation, shares of Sina have risen 9.5%. We continue to monitor SINA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Sina share prices have been bracketed by a low of $32.61 and a high of $61.90 and are now at $61.81, 90% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.

Keywords: unusual volume

Ticker(s): SINA