Bullet Point – High Volume
SiriusXM is trading at high volume. While $3.00 will not be in the immediate future, a close above $2.85 bodes well from a technical standpoint. The company is behaving in a very bullish fashion and establish stronger support levels at higher price points. This bodes well. I do not look for the equity to score a massive challenge to $2.95 today, but I do not see it going into danger zones anymore either. Stay tuned. My normal charts will be back this evening. Thank you all for you patience during what has been a difficult time with Superstorm sandy. Things are not quite back to normal yet, but are getting there.