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Sirius Satellite Radio Inc. (SIRI)

Tag:new car 2008 SIRIUS Satellite Radio Inc new car 2008 | 76 Viewers| short-termtrading 2006-11-08 08:10:51 Publish:


Sirius Satellite Radio Inc. (NASDAQ:SIRI) has developed an accumulation pattern at the support level of 3.60$. SEveral positive divergences of MACD have been printed since last May. A long up candle on 6 November may be the signal that the stock has the strength to brek out the 4.20$ resistance. There is a good up potential with objectives at 4.40$, 4.60$ and 4.80$. There is risk associated to this stock as SIRI during a strong up trend phase has managed only to produce a sideways move, not following the broder market move.

posted by Paolo Pezzutti at 1:33 AM


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