XM Satellite and Sirius in focus today
Tuesday, January 16, 2007
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.
Labels: XMSR
