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.


5-23 siri volume

Support and Resistance

5-23 siri sr

Exponential Moving Averages

5-23 siri ema