SiriusXM Continues To Simply Tread Water
What else can be said? The equity continues to flounder as day after day goes by. There is no real catalyst in sight, and from a technical standpoint nothing to get too excited about. The street appreciated the debt offering of $1.5 billion, but beyond that, the equity is simply trudging along.
What we need is for this equity to break through $3.20 and hold that level as a new foundation for moving ahead. The longer we stay down here at these levels the harder it will be to move up to the $3.50 level and beyond.
Volume
Support and Resistance
Exponential Moving Averages
