Perhaps closing above $3.60 was too tall of an order for today.  Sirius XM did test a new 52 week high, but did not hold it.  The equity closed up a penny ($3.59), but was as high as $3.63.  I still feel that Sirius XM can walk higher, but we may need to wait a few more days.  Essentially it appears to be a one step at a time process.

We still want to see volume over 65 million to signify strength.  We also still want to watch the $3.50 level on the down side.


 5-28 siri volume

Support and Resistance

5-28 siri sr


Exponential Moving Averages

5-28 siri ema