SINA CORP
(SINA-Nasdaq):
Technical Viewpoint: From a low
of $24.15 on Jul 17, 2003 prices
rallied, reaching a
high of $38.68
on Jul 29, 2003. A
decline saw prices pull back, reaching a
low of
$26.50 on Aug 8, 2003.
Another rally saw prices penetrate
resistance, closing 10/10/03
at $36.23. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 4, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.50. Resistance: Is at $38.68.
Point & Figure: Reversed to the upside on Sep 2, 2003. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! SINA CORP
(SINA-Nasdaq) @ $36.88 Stop: Use a protective stop of $34.88.
SINA CORP is currently trading @ $36.23 plus $1.93 on Sep 10, 2003. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $11.13. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|