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Saturday, December 4, 2010

SIRIUS XM Radio Inc (SIRI) Stock Analysis

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

SIRIUS XM Radio Inc. (SIRI) Stock Chart - The following is technical analysis for SIRIUS XM Radio Inc. (SIRI) - December 4, 2010

SIRIUS XM Radio Inc. (SIRI) Support & Resistance Levels - 12/4/10

Resistance Levels: $1.43, $1.50

Support Levels: $1.37, $1.32

Chart - http://www.stockcharts.com

SIRIUS XM Radio Inc. (SIRI) is currently bouncing off it's 50 day moving average located at $1.37 . SIRIUS XM Radio Inc. hasn't closed below the 50 day moving average since the stock broke back above $1.00 back in September. SIRIUS XM Radio Inc. will have resistance on the upside located at $1.43 as well as $1.50. SIRIUS XM Radio Inc. remains a strong buy below $1.30 if we see a correction.

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