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20.3% Return Seen to Date on SmarTrend Sina Call (SINA)
Jan 23, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Sina (NASDAQ:SINA) on December 17th, 2012 at $47.88. In approximately 1 month, Sina has returned 20.31% as of today's recent price of $57.60.
Sina share prices have moved between a 52-week high of $80.80 and a 52-week low of $41.14 and are now trading 40% above that low price at $57.64 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
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.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Sina shares.Log in and add Sina (SINA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
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