Siruis strong again
Saturday, September 15, 2007
Chart courtesy of stockcharts

Shares of Sirius Satelite still moving up, follwed by a strong investor confident. Yesterday shares were up more 2% closing the regular trading sesion at $ 3.52. Looking at the chart stock still trading above its 20 daily moving average, which is normally considered a Bullish sign, however shares are still also trading in Overbought conditions since the midle of the wek, so I will not be surprised if we see next or even in short term a period of a some profit taking in the stock. It will be good for stock and for Bulls. Keep an eye on Sirius for a possible breakout over $3.56 in the sessions ahead.

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.

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posted by Pro Investor Trader at 12:43 AM | Permalink


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