When SINA opens with 10% or more Gap Up
with SINA Corp ($SINA) opening at 59.53 with a gap up opening of 18.35% , below we looked at where the SINA stock closes from where it opened when ever it opens with a 10% or more gap up since the stock went to IPO
Below the 10% ore more gap up openings on $SINA , and how SINA fared from open to close.
As can be seen in the table below
- this is the 18th instance where SINA is opening with 10% or more gap up opening.
- 15/17 (83%) times the closed down from where it opened
- the average change % from Open till Close is -2.71%
- the median change% from Open till Close is -3.65%
- The average change% if the stock closes up from Open is 8.12 %
- The average change% if the stock closes down from Open is -5.03 %
SINA 10% or more gap up openings since Apr 2000
fade that 10% or more gap up opening of $SINA if you can tolerate a max loss of 10.54% like the one happened way back on 5th Jan 2001.