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.


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Support and Resistance

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Exponential Moving Averages

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