Bullish Speculation for SIRIUS XM Radio Inc. (SIRI)
Published on 07/30/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- In today's trading session, the shares of SIRIUS XM Radio Inc. crossed above the 50-day moving
average indicating a likely bullish trend. Recent activity signals that the shares may
continue to head higher in the foreseeable future assuming that the moving average
continues to rise with the price of the equity. Shares of SIRI settled the day up $0.04 to
$1.03 on lighter than usual volume. Today, the stock price ranged between $0.98 and $1.03.
The stock's 52 week low is 0.4 and the 52 week high is 1.25.
Investor expectations change with time, and they often do so abruptly. The development of support levels is
probably the most noticeable and reoccurring event on price charts. The breaking through support levels can be
triggered by fundamental changes that are above or below investor's expectations. Based on the pivot points, the current support
and resistance levels for SIRI are 0.99 and 1.04 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
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