Sirius SIRI Stock Analysis 8/24/09 August 24, 2009

Siri Stock Chart - The following is technical analysis on SIRIUS XM Radio Inc. (SIRI) stock for August 24, 2009

SIRIUS XM Radio Inc. (SIRI) Support and Resistance Levels - 8/24/09

Resistance Levels: $0.75, $1.00

Support Levels: $0.63

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Sirius XM Radio stock broke out above the April 2009 high of $0.63 last week, and you see the end result. Siri even broke above the $0.75 resistance level but failed to close above it. I would now be a buyer of pullbacks to $0.63 and the 10 day moving average. If Siri can close above $0.75, it has a good chance of retesting $1.00 days or weeks later. If SIRI does end up breaking above $1, you could see an additional flood of buyers enter the stock. I continue to be bullish of SIRI

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