Bullet Point – SiriusXM Dips Below $2.77
Just when I thought that I could go into the holiday on a positive note this equity breaks a key level and does it at the end of the day! SiriusXM has broken below $2.77 and it appears that it is going to happen on some decent volume. Bear in mind that this could be a head-fake. With this move put $2.69 on your radar screen. That is the 50 day EMA. The volume is not overwhelming, but breaking the $2.77 level is disappointing. Stay tuned.
wow sell off today to 2.72 and right when you remove the bearish caution flags and start calling it heading bullish again. Oh well maybe Friday it will trade back up and prove you correct. But then again it did break support pretty quick and easy on moderate volume.