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Friday, December 15, 2006 

XM Satellite Radio Holdings on the move

Chart courtesy of stockcharts

Shares of XMSR rose nearly 5% to 15.81$ today and SIRI rose nearly 3% after some stimulating comments from Lehman that put investors very happy and actives in both stocks.
Today Lehman came out and said that XM is worth 45 dollars a share if they merged with Sirius, or that Sirius was worth about 9,50 dollars if they were acquired by XM. Too see the article click here.
Lehman Just Admitted that XM and Sirius are Undervalued taking the actual share price in consideration for a possible merger, it's my opinion. Looking at the charts XMSR has broken out an important resistance $15 with respectable volume and closed above the 200 dma for the first time since 2005, so many reasons to be Bullish in the stock now, perhaps after these comments we'll see many pressure in the stock to move up.

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.

That's all. Have a nice weekend !!!!

AC

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  • I'm a 41 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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