The equity has not held the line. $2.66 broken. In my opinion this equity is headed to $2.60. Watch closely. If $2.60 breaks then we must consider $2.50.
Bullet Point – $2.66 Tested
The equity has broken the 50 day EMA and tested the $2.66 level I spoke of on volume. Watch close. If $2.66 breaks it will test around $2.60 in my opinion.
Bullet Point – Watch The Early Action
As stated yesterday SiriusXM is in a short term bearish pattern despite Liberty Media jumping in to buy another 4 million shares. This equity needs to be watched this morning. The 50 day EMA sits at $2.68, just 2 cents below where it closed yesterday. If $2.68 breaks… → Read More
SiriusXM Technicals In Play
Another trading day has passed, and with it we have the equity trading within the specified range and doing so on moderate volume. Consolidation seems to be the rule of the day. Yesterday’s big block trades near $2.80 did little to keep the stock moving upward. Today we… → Read More
Bullet Point – Support Broken
Support at $2.76 broke and the equity is trading at $2.72. While I still feel that $2.70 is a low point in this (the 50 day moving average), I can not ignore the fact that support broke. It is happening on lighter than average volume, so that weighs… → Read More
SiriusXM Personalized Radio To Launch Soon
While this is pure speculation, it is also a well educated guess. SiriusXM (NASDAQ:SIRI) may be ready to launch its version of personalized radio quite soon. Investors that stay well in tune with the company are well aware that management has promised to have the product out this… → Read More
Bullet Point – Is A Pop In The Cards?
For those that missed it there were about 40 million shares of block trades in SiriusXM yesterday. Most of the orders filled after hours. Blocks of that size do not typically happen out of the blue and it is my opinion that there may be something compelling sitting… → Read More
Sirius XM Consolidation
Well, we have another trading day in the market complete and SiriusXM has maintained a position in consolidation mode. There are a few concerns with the action today. We saw a head fake early on with some volume that took the equity up to $2.84, but the volume… → Read More
Bullet Point – Poof… Volume Gone
It looks like the volume spurt that allowed a test of $2.84 was more of a head fake than anything else. Consolidation still in effect. Pay close attention though, as the spurts are delivering positive results and not down results. This could be an indication of a direction… → Read More
Bullet Point – We Have Volume
SiriusXM started the day off with pretty normal trading activity. Then we got volume! The equity went up through $2.80 and seems to be on a trajectory to test $2.90…Not so fast! Be cautious here. Yes, we have a volume spurt, but we want to ensure that it… → Read More
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