Chart courtesy of stockcharts

Shares of Sirius Satelite and XM are acting very well today after an analyst said recent lobbying efforts by the two satellite radio companies to get their merger passed have been effective. Tecnically speaking about the chart of Siruis, stock breakout today an important resistance at 3.20$ with all indicators pushing up. MACD and RSI still going up increasing the investor confidence for Sirius shares. So, keep an eye on SIRI today. Next resistance is at 3.40$.

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