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Saturday, January 06, 2007 

XM Satellite Radio Holdings Inc. and Google Inc.

Chart courtesy of stockcharts

GOOG has broken out downtrend line on good volume during this week. In the daily charts Indicators are showing that stock is now in a Bull Market with MACD back again above 0 and stock trading again above 50 dma and 200 dma. This Leader could be a tone for Nasdaq to go up.

Chart courtesy of stockcharts

On the other side, XMSR edged up 2.27% pct to 15.32$ and said Friday it added about 1.7 million new subscribers during 2006 but ended the year with fewer total customers than it predicted it would have in November. In the daily chart we can see that the stock price still trading above 200 dma in an uptrend. Take a look at the volume, increase in up days.

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 !!!


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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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