Siri Stock Chart - The following is technical analysis on SIRIUS XM Radio Inc. (SIRI) stock for August 4, 2009SIRIUS XM Radio Inc. (SIRI) Support and Resistance Levels - 8/4/09
Support Levels: $0.50, $0.44, $0.39
Resistance Levels: $0.56, $0.63, $0.75
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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 $0.50 which is very bullish. The next resistance level I am watching is $0.56 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 the 10 day moving average which is currently at $0.44 and pullbacks to the 50 day moving average at $0.39 have been a strong buy. Keep an eye on $0.56 & $0.63.
Siri is probably rising because of the new car purchases from cash for clunkers.
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