Siri Stock Chart - The following is technical analysis on SIRIUS XM Radio Inc. (SIRI) stock for August 31, 2009SIRIUS XM Radio Inc. (SIRI) Support and Resistance Levels - 8/31/09
Resistance Levels: $0.71, $0.75, $0.78
Support Levels: $0.67, $0.65, $0.60
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Sirius XM Radio continues the recent uptrend with pullbacks to the 10 day moving average sparking strong buy interest. SIRI hasn't closed below the 10 day moving average since the breakout started at $0.40 so once you see this happen, be very cautious. I am watching for a close over $0.75 which would be a new trend change and most likely send the stock into the $0.80's easily. If SIRI does run up into the $0.80's, I would think the momentum would take the stock near $1. Watching $0.75 closely!
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