SINA CORP
(SINA-Nasdaq):
Technical Viewpoint: From a low
of $25.47 on Apr 27, 2005 prices
rallied, reaching a
high of $29.75
on May 3, 2005. A
decline saw prices pull back, reaching a
low of
$27.21 on May 25, 2005.
Another rally saw prices penetrate
resistance, closing 6/3/05
at $30.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 3, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.00. Resistance: Is at $31.62.
Point & Figure: Reversed to the upside on May 3, 2005. A P&F upside
reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! SINA CORP
(SINA-Nasdaq) @ $31.13 Stop: Use a protective stop of $29.13.
SINA CORP is currently trading @ $30.81 plus $2.16 on Jun 3, 2005. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $8.37. Today's Risk Reward Ratio: 4:1
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