I highly suspect that SiriusXM is active in buying shares. It is not that I am expecting the equity to go down, but the dynamics that have been happening support that thesis. SiriusXM closed at $3.55 today on higher volume that is in the neighborhood of being average volume. These are good signs. As I suspected would happen, support levels began to fill in around the various exponential moving averages. While on one hand everything looks bullish, we are getting close to seeing a caution flag if this equity dips to $3.51 or lower tomorrow. If the company is buying we may be able to test $3.60. If they take a day off we could see a caution flag.
Support and Resistance
Exponential Moving Averages