Wednesday, April 19, 2006

XM Moving Averages

April 19, 2006

Last week Satellite Standard Group (SSG) did a piece relating to the 20 day Moving Average (MA) and the 50 day Moving Average (MA). You can read that piece by clicking here. The context of the article was about how bullish Sirius has been when the 20 day MA passes the 50 day MA to the upside.

Well, for Sirius that still has not quite happened . As of this writing the 20 day MA is still 3 cents below the 50 day MA. It is getting close, but simply has not happened as yet.

The news, however, could be bright. XM Satellite Radio has now done precisely what the piece was about. The 20 day MA for XM has now crossed the 50 day MA. Is this bullish signal for XM. We certainly hope so.

These equities have had a tendency to trade in very similar patterns. From a technical standpoint, what has been good for one has been good for the other.

As a SDARS investor, it is good to see XM cross that point, and Sirius approaching it.

Satellite Standard Group is not a financial advisor. SSG full recommends that readers conduct their own research and consult a Certified Financial Planner prior to making any investment decision.

The link to this write up is http://tinyurl.com/nwwqh