SIRI Daily Chart ~ Under the MA200 Where the Bears
Post# of 2559
Posted On: 12/16/2013 12:06:26 AM
SIRI Daily Chart ~ Under the MA200 Where the Bears Play
Our exits from SIRI at the 3.81-3.77 level, was the right move when the stock couldn't make it above the declining tops line. Thursday saw what might have been a capitulation day. Only time will tell. If the stock doesn't close above 3.54, where the MA200 is at, shortly, I think there could be more red. As I mentioned previously, I personally would like an opportunity to re-enter SIRI near the lows of June near 3.00, although I don't think the stock will drop that far. GLTA
Our exits from SIRI at the 3.81-3.77 level, was the right move when the stock couldn't make it above the declining tops line. Thursday saw what might have been a capitulation day. Only time will tell. If the stock doesn't close above 3.54, where the MA200 is at, shortly, I think there could be more red. As I mentioned previously, I personally would like an opportunity to re-enter SIRI near the lows of June near 3.00, although I don't think the stock will drop that far. GLTA
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