Chinese internet portal SINA had a pocket pivot off its 50-dma. A "louie" pattern seems to be shaping up which occurs when a stock has a sharp pullback as SINA did on 2-23-17, then trades more or less sideways for a time. Earnings and sales are accelerating, pretax margin 19.9%, institutional sponsorship has increased over the last 3 quarters.
Pocket Pivot Review - SINA 3-24-17
|Published:||25 Mar 2017 15:24 ET|
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