Published on Tue, 09/13/2011 - 12:22
By Mallory Stone in Market movers, SINA, market movers, nasdaq:sina, sina

Up 4.0% to $111.05, Sina (NASDAQ:SINA), is one of today's notable movers. The Dow Jones Industrial Average is now trading fractionally lower to 1,167 and the S&P is trading 0.4% higher to 1,167.

There is a potential upside of 8.8% for shares of Sina based on a current price of $111.52 and an average consensus analyst price target of $121.29. The stock should discover initial support at its 50-day moving average (MA) of $104.68 and subsequent support at its 200-day MA of $97.28.

SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.

Sina share prices have moved between a 52-week high of $147.12 and a 52-week low of $43.98 and are now trading 153% above that low price at $111.05 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.3%.

By Mallory Stone
mstone@fnno.com

Source:fnno