Sirius Satellite Radio Inc. - Technical Perspective
Shares of SIRI still trading inside a channel near the top ( $4.30 ). The stock is still down about 36 percent this year, hurt in part by concerns about industry spending on programming and the auto industry's woes. Chief Executive Mel Karmazin said on Thursday that expects to offer a live television service in cars by late 2007, and deals with content providers may be set as early as January, also Chief Executive Mel Karmazin said on Thursday that holiday sales were strong.
The technical chart shows many Bullish Indications as RSI ( trading in Bullish Territory ) , MACD above 0 and stock trading above 20dma and 50dma. Due to these Indications I expect a channel breakout during next week, it's only my opinion based in the daily chart, this information should not be viewed as trading recommendation.
To watch : New Blog was added to my Blogroll take a loot at it Pro Investor Trader
That's All. Have a great weekend !!!
AC
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
To watch : New Blog was added to my Blogroll take a loot at it Pro Investor Trader
That's All. Have a great weekend !!!
AC
Labels: SIRI
