The SiriusXM technicals remain in tact, but the big question that investors have is when this equity will make some noise. From a technical standpoint I would characterize this equity as being tightly wound up, and ready to make a bold move in one direction or the other. We are at a critical point here. We have strong support at $3.59 and mild resistance at $3.65. Essentially we have a stare-down. Can we hold the $3.60's and build on the foundation that has been created over the last couple of weeks? Or do we take a trip back to $3.50 and build back up again. If I were a betting man I would say that this equity is ready to test the $3.70's any day now. The right bit of news could be a launch pad for a small run upward. The pieces are all in place. Auto sales are good. Guidance is up on subs, the company gas room to move other guidance. I think this equity appreciates going into the call.
Exponential Moving Averages