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Wednesday, February 16, 2011

SIRIUS XM Radio Inc (SIRI) Stock Analysis 2/16/11

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

SIRIUS XM Radio Inc. (SIRI) Stock Chart - The following is technical analysis for SIRIUS XM Radio Inc. (SIRI) - February 16, 2011

SIRIUS XM Radio Inc. (SIRI) Support & Resistance Levels - 2/16/11

Resistance Levels: $1.90, $2.00

Support Levels: $1.59

Chart - http://www.stockcharts.com

SIRIUS XM Radio Inc. (SIRI) was up 9% Wednesday after an upgraded out of BGB Securities. SIRIUS XM Radio Inc. (SIRI) will now have resistance up at $1.88 as well as $1.90. SIRIUS XM Radio Inc. will have support at $1.59 which is the current 50 day moving average. SIRIUS XM Radio Inc. remains a strong buy below $1.40 if we see a major correction. SIRI is responding well to the upgrade today and could test $2.00 very soon.

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