One of today's stocks on the move is Sina (NASDAQ:SINA), up 3.9% to $46.25. The S&P is currently trading fractionally lower to 1,417 and the Dow Jones Industrial Average is trading fractionally lower to 13,163.
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 $46.25, or 26.9% below the average consensus analyst price target of $63.29. The stock should find initial resistance at its 200-day moving average (MA) of $57.90 and further resistance at its 50-day MA of $58.01.
In the past 52 weeks, Sina share prices have been bracketed by a low of $41.14 and a high of $80.80 and are now at $46.25, 12% above that low price. The 200-day and 50-day moving averages have moved 0.47% lower and 1.8% lower over the past week, respectively.