Oct 25, 2011 (SmarTrend(R) News Watch via COMTEX) -- Sina (NASDAQ:SINA - Analyst Report) traded in a range yesterday that spanned from a low of $85.89 to a high of $92.95. Yesterday's high of the day pierced the 3-day high of $91.48 on volume of 6.1 million shares.

Shares of Sina have been range bound for the past 3-days between a high of $91.48 and a low of $81.00 and have traded with a 30-day average daily volume of 7.6 million shares.

Look for shares of SINA to trade within a new higher trading range with support at $91.48 and move along with its peers in the Internet Information Providers SmarTrend industry.

SmarTrend currently has shares of Sina in an Uptrend and issued the Uptrend alert on October 06, 2011 at $77.83. The stock has risen 8.5% since the Uptrend alert was issued.

Source:zacks