SiriusXM has erased two caution flags. Essentially that is the big news of the day and essentially we are in the same range we have been in for a couple of weeks now. I will post some commentary and the charts, but not really expand too much on what has already been stated. We did see SiriusXM move up on higher volume than the previous day -- this is good. We did are still trading below average volume and there seems to be no real catalyst for a move. The EMA'S are very tight and we sit right on the edge of either a decent run or a small slide. It will likely be the news flow that determines the action.
Interim CEO James Meyer is going to be speaking at a Morgan Stanley conference next Tuesday, so it could get a bit interesting if he expounds on subjects such as share buybacks. It would also be interesting to see if the subject of the 7% converts comes up.
Support and Resistance
Exponential Moving Averages