Sep 14, 2011 (SmarTrend(R) News Watch via COMTEX) -- Sina (NASDAQ:SINA - Analyst Report) traded in a range yesterday that spanned from a low of $107.10 to a high of $114.24. Yesterday's high of the day pierced the 3-day high of $111.97 on volume of 6.4 million shares.
Shares of Sina have been range bound for the past 3-days between a high of $111.97 and a low of $101.76 and have traded with a 30-day average daily volume of 5.9 million shares.
Look for shares of SINA to trade within a new higher trading range with support at $111.97 and move along with its peers in the Internet Information Providers SmarTrend industry.
SmarTrend is monitoring the recent change of momentum in Sina. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sina in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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