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Saturday, October 31, 2009

Sirius SIRI Stock Analysis November 2009

Siri Stock Chart - The following is technical analysis on SIRIUS XM Radio Inc. (SIRI) stock for November 2, 2009

SIRIUS XM Radio Inc. (SIRI) Support and Resistance Levels - 11/2/09

Resistance Levels: $0.60, $0.63, $0.6424, $0.68

Support Levels: $0.56, $0.511, $0.50


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SIRIUS XM Radio Inc. (SIRI) stock appears to be stabilizing and is in a mini uptrend. I am watching out for a close above the 50 day moving average located at $0.63. If SIRI closes above the 50 day and breaks above the previous high of $0.6424, I will buy the stock. I will then place a stop loss order at $0.62 just incase the trade doesn't work. Earnings are due out Thursday. For more Technical Analysis - Go Here

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