SiriusXM seems to be establishing a new range between about $3.20 and $3.35. We have consolidation behavior all over the place. Bullish one day and bearish the next. Currently we have the EMA's looking bearish, support holding strong below, but an equity unable to pass through light resistance above. We also have volume flip-flopping.
Yes, options week screws things up, but this equity simply seems hard pressed to run. That is a key. Pay closer attention now. Watch volume, and watch the critical levels in the charts below. Look for warning and caution flags to vanish, or the EMA's to begin consolidation. When that happens it will move again. As always, watch the news.
Support and Resistance
Exponential Moving Averages