SSS - Price Target on SINA to the Downside
|Published:||24 Aug 2011 15:28 ET|
SINA remains weak here as it is selling off over 6% when the market is trying to rally. Our downside target, initially, on SINA would be the 82 low of August 8th. Currently the stock is flirting with the lows of this recent range its been locked in over the past five days around the 89 price level. A breach of this level likely brings the 82 low into play.
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