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Wednesday, November 22, 2006 

Sirius Satellite Radio surged 8% today !!!!!

Shares of SIRI rose more than 8% today and closed near the top of the channel at 4.29$, is setting up for a possible breakout above 4.30$ resistance, and if break it the stock could push till 5$. The technical chart show several positive divergences of MACD that have been printed since last May, today volume was huge, so I think the stock has now conditions to break this channel and go forward. Bullsih Signal : 20 dma line already it crossed 50 dma

Stocks to watch Friday for a possible breakout : AMD ( Ascending triangle )

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a great evening !!!



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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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