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See The Trade: $SINA Crushed On Earnings But Tags Bounce Level

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Shares of SINA Corp (NASDAQ:SINA) fell sharply on earnings, collapsing to $68.75. This is a massive drop of over 13%. Investors can be buying SINA for a bounce here as there is a ton of stock chart support. Note the chart visual below. The bounce should come in shortly, taking the stock back to $72 within a day or two.

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SINA Corp crushed on earnings but hits technical buy level


This article was written by Tony Jackson for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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