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Actionable news in SINA: Sina Corporation,

Trade-Ideas: SINA (SINA) Is Today's "Water-Logged And Getting Wetter" Stock

Trade-Ideas LLC identified SINA ( SINA) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified SINA as such a stock due to the following factors:

  • SINA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.0 million.
  • SINA has traded 596,291 shares today.
  • SINA traded in a range 253.4% of the normal price range with a price range of $3.41.
  • SINA traded below its daily resistance level (quality: 37 days, meaning that the stock is crossing a resistance level set by the last 37 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower. EXCLUSIVE OFFER: Get the inside scoop on...


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