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Tuesday, January 16, 2007 

XM Satellite and Sirius in focus today

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Will be 2007 the year of the merger between the big players in satellite radio? Most of the Investors and analysts think so.

J.P. Morgan upgraded satellite radio providers XM Satellite Radio and Sirius Satellite Radio, both to "overweight" from "neutral", citing subscriber growth and a possible merger between the two. JP analyst belives that the shares of both companies will be supported ahead due to the potential merger. XMSR was up 0.02 to 17.14$ and SIRI 0.05 or 1% to 4.15$.

The technical chart shows that both stocks are still trading in an uptrend, and the overall indicators are showing a clear Bullish signals.

XMSR - 50 dma is now on top of 200 dma - Bull mode

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.

Thta's All. Have a nice evening !!!


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  • 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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