Today we'll analyze the Stock SIRI for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 2.88$ (03/12/08) to 2.69$ (03/17/08) a 0.19$ move
2- The current bullish trend started from 2.69$ at 03/17/08 and is currently trading at 3.15$.
3- According to ADX, the trend is currently bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
4- Bearish Divergance in MACD.
Short term chart patterns :
5- The Stock formed a 0.39$ height triangle which was broken up at 2.9 in higher than usual volume, target of the pattern is 3.29.
Mid term chart patterns :
6- The Stock formed a 0.65$ height triangle which was broken up at 2.9 in higher than usual volume, target of the pattern is 3.55.
Long term chart patterns :
7- The Stock formed Double Bottom Pattern at 2.66.
8- The Stock formed a 1.18$ height triangle which was broken up at 3.15 in higher than usual volume, target of the pattern is 4.33.
Conclusion:
SIRI was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.
Resistance Levels: 3.29, 3.55, 4.33.
Support Levels: 3.04, 2.97, 2.92, 2.89, 2.87, 2.77, 2.77, 2.69,.
We Moved!!
Please check our new site : The stocks profit, for
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Wednesday, March 26, 2008
Sirius Satellite Radio Inc. (SIRI)
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
to get back to main page click here .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment