The spring is starting to coil. , but the process is slowed by the up a few cents, then down a few cents process. Volume is very low, and clearly there is no real strength being demonstrated in any of these moves. Good consolidation requires that a decent… → Read More
SiriusXM… ZzzZzz
The snooze fest continues. This is where we need to pay attention. Volume was all the way down to 26.9 million, support levels are consolidating and giving us a better foundation, and the EMA’s are constricting. The 50 day EMA is fast approaching $3.60. Hey you… open your… → Read More
SiriusXM – Just Hangin’ Out
If I told you 3 years ago that there was such a thing as a boring day with SiriusXM, you would have called me crazy. Well, that’s exactly what we had today. Guess what. These are the times when you need to pay attention. We have been seeing… → Read More
SiriusXM Inches Up
Sometimes there is nothing better than consolidating while drifting up. SiriusXM closed up 4 cents today on lighter than average volume. I am still of the opinion that this equity can creep up toward $4.00, but it is getting into overbought territory with the RSI at 64.25. When… → Read More
SiriusXM Just Got More Expensive In Tesla… BUT
SiriusXM is installed as standard equipment in dozens of car models and is a component in about 65% of all new vehicles that roll off of the assembly line. However, in some of the smaller auto-makers satellite radio can be an expensive option rather than a value added… → Read More
SiriusXM Sets Good Support
There are times when a down day can be good news. Today was one of those days. The consolidation type action and volume we have been seeing has finally given us a nearby support level with some strength. That level is $3.78, just below the closing price. SiriusXM… → Read More
Turtles File $100 Million Lawsuit Against SiriusXM
The Turtles are hoping that a lawsuit against SiriusXM could pave the way to new royalty protections. The band is a lead plaintiff in a $100 million lawsuit against satellite radio provider SiriusXM. It has been alleged that the company has infringed on millions of old recordings from… → Read More
SiriusXM Reaching Up
SiriusXM has once again tested 52 week highs. The move happened on moderately low volume that was above recent volume levels, but below average. Essentially this equity is testing some limits while consolidating. Had the move happened on higher than average volume, I would say a test of… → Read More
July Auto Sales Top 1.3 Million
July 2013 auto sales came in at the highest level since 2006. That is the good news. The bad news is that the second half of July slowed somewhat and instead of a SAAR of about 16 million, which was the pace at mid-month, the SAAR came in… → Read More
More Consolidation On Tap
We are seeing classic consolidation here. The good news is that it is happening in the $3.70’s. The bad news is that the support levels below are still in flux, and the strongest support below at the moment (that is near) is at $3.51. In order to see… → Read More
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