Bearish MACD for SINA Corp.

Zacks

SINA Corp.’s (SINA) MACD indicator has moved into bearish territory with a reading of –2.8339. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.32% to $56.64 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 9 cents over the past month to 14 cents per share.

 

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