Sirius SIRI Stock Analysis 9/16/09 September 16, 2009

Siri Stock Chart - The following is technical analysis on SIRIUS XM Radio Inc. (SIRI) stock for September 16, 2009

SIRIUS XM Radio Inc. (SIRI) Support and Resistance Levels - 9/16/09

Resistance Levels: $0.70, $0.75

Support Levels: $0.65, $0.60, $0.58

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Nothing has really changed this week - Sirius XM Radio failed to close above $0.75 in August and pulled back to the $0.60 support level in September. As long as SIRI continues to close above $0.60, I like the stock. SIRI is now trading back over the 10 day moving average which is what you want to see if you own the stock. I plan to buy SIRI as soon as it closes back over $0.70 because this to me would be a sign of a new breakout. For more Technical Analysis - Go Here

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