Siri Stock Chart - The following is technical analysis on SIRIUS XM Radio Inc. (SIRI) stock for August 17, 2009SIRIUS XM Radio Inc. (SIRI) Support and Resistance Levels - 8/17/09
Resistance Levels: $0.60, $0.63, $0.75
Support Levels: $0.52, $0.50, $0.44
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Sirius XM Radio stock has been running up recently and now is a good time to take another look at the technicals. Today, SIRI broke back up through $0.55 which is very bullish. The next resistance level I am watching is $0.60 and then $0.63. If SIRI can close above these two levels, I think you could see another surge higher possibly testing $0.75-$0.80. The volume would spike and who knows, maybe back over $1.
Support continues to be located at the 10 day moving average which is $0.52. I will be a buyer of pullbacks to this level.
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