Can SiriusXM reach up to $3.50? The simple answer is yes. The more complex answer is that it will not be easy. SiriusXM closed up to $3.39 on lower than average volume, but higher than the previous session. Is this a move that is building toward a higher price, or simple range trading? Only time will tell, but essentially the upside potential in the short term is $3.50, while the downside potential is $3.25. In my opinion it is a wait and see period.
Support and Resistance
Exponential Moving Averages