Down 8.0% to $81.38, Sina (NASDAQ:SINA), is one of today's notable movers. The S&P is trading higher by 0.4% to 1,206 and the Dow is trading fractionally higher to 11,413.

Sina share prices have moved between a 52-week high of $147.12 and a 52-week low of $51.27 and are now trading 59% above that low price at $81.38 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

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 has overhead space with shares priced $81.38, or 28.4% below the average consensus analyst price target of $113.68. Sina shares should first meet resistance at the 50-day moving average (MA) of $93.28 and find additional resistance at the 200-day MA of $99.52.

Source:fnno