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Friday, December 2, 2011

Stock Alert - Sina (SINA) gains 5.8% Pre-market

Sina (SINA) gains 2.8% premarket  Deutsche upgrades shares to Buy, and lifts its PT to $94.80. The firm is bullish on both Sina's social gaming efforts - unlike rivals Tencent (TCEHY.PK) and Renren (RENN), Sina doesn't compete with its developer partners - and its ability to monetize its fast-growing Weibo microblogging platform

Technical side stock has some resistance area is $71-$72 and support level is $63

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