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Saturday, December 02, 2006 

Sirius Satellite Radio Inc. - Technical Perspective

Chart courtesy of stockcharts

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.

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 !!!



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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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