SIRIUS XM Radio Inc. (SIRI) Hits $1.30

By Tim - http://daytradingstockblog.blogspot.com

SIRIUS XM Radio Inc. (SIRI) just hit $1.30 this morning and is now in break out mode. SIRIUS XM Radio Inc. does not have major resistance right now but I'd expect the stock to stall around $1.40-$1.50 in the short term.

Did you listen? SIRIUS XM Radio Inc. has been on my radar for the past year or so and I've predicted many break outs with this stock. The key this week was the break above $1.20. Before that, when Sirius XM Radio closed above $0.75 in 2009, it was buy time.

http://daytradingstockblog.blogspot.com/2009/08/sirius-siri-stock-analysis-81709-august.html

" 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."

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