We have started the week off on an interesting footing. Short term signals have upgraded from very bearish to bearish. Meanwhile volume seems to indicate some consolidation and EMA’s continue to converge. All in all it this equity has a certain stability and any bearishness should be short… → Read More
Diamonds Are Forever – Gold is Too!
No, it is not a James Bond Post , though I am eager to go see Skyfall sometime in the next week or so. This is not a technical update either… that will come later in the day. I have an opportunity that I thought I would share… → Read More
Spotify To Expand Into Latin America – Raises $100 Million
The international growth of music services is exploding and as yet SiriusXM has not done the same. Is it smart business on the part of the satellite radio provider, or is the company falling behind? The answer is likely a little bit of both. While a company like… → Read More
Bullet Point – Good Volume
Whether we can say that the equity will not dip down is a bit early, but indications from morning trading are that this equity wants to consolidate in the $2.70’s. I think it will test $2.80 a few times today, but in the end if this early volume has not… → Read More
SiriusXM – New Week…New Look
SiriusXM is getting ready to embark on a new week, and this presents interesting times for technical traders. The buy and holders can pretty much sit back and relax. the active traders have some homework to do. The biggest question is whether SiriusXM will test lowers or consolidate… → Read More
Interesting Day – Technicals Coming
Well, it was an interesting day to be invested in SIRI. The equity seems to have bounced off of the 50 day average and moved to the trading range I spoke of earlier in the week. Is there strength in that? Weakness? It is tough to tell. Volume… → Read More
Bullet Point – Moderate Strength in Move
The pre-market head-fake appears to have turned into a move on moderate volume to the $2.75 area. The 5 day EMA sits just above $2.76 with the 13 and 20 above that. The very short term peak of this might be $2.80 which is now strong resistance, but… → Read More
Bullet Point- stock up low volume
Stock opened up. Low volume. It will be interesting. An active trader may want to watch if this equity can pass 2.75 with volume. If so, the trip to 50 day could have been the bottom for the week.
Bullet Point – Down In Pre-Market
SiriusXM is trading down at $2.65 in Pre-Market. While I caution that pre-market trading creates some wild prices, it can also be a signal for what lays ahead in the trading day. I had stated that if $2.67 breaks that it will cause $2.60 and possibly the gap… → Read More
Is $2.50 On The Way For SiriusXM?
It was not to long ago that SiriusXM investors were looking for the $3.00 mark to become reality. I myself saw that level and more happening if SiriusXM were to release 2013 guidance and get a share buyback underway. Alas, the Q3 conference call came and went and… → Read More
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