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Sina Rising Today on Above-Average Volume (SINA)

By David Diaz

Sina shares are trading on heavy volume today, having risen 2.5% to $75.32. Today's volume of 716,000 shares tops the average 30-day volume of 611,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 37.8%. 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, shares of Sina have traded between a low of $32.61 and a high of $76.60 and are now at $76.44, which is 134% above that low price. 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%.

Keywords: unusual volume

Ticker(s): SINA