Chart courtesy of
stockchartsI like this chart. It is a bullish chart. XMSR broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions. The daily chart show positive sign as the stock has been on the upside since late August and the stock has been above both 50 day and 200 day moving aveage since September. In addition with MACD still above 0 after broken $15, the stock should go up at this point.
Chart courtesy of
stockchartsSIRI tried to breakout today but finished just under the trendline at $3.58. The technical chart is showing possible buying opportunity as K line is about to cross on top over D line again while MACD is still above 0 showing bull market. If stock clear resistance $3.59 on volume, then the indicators will take care of themselves. Keep an eye for a possible breakout over $3.59.
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 evening !!!
AC
Labels: SIRI, XMSR