The Technical Trader-SIRI
May 12, 2006
Today may be an important day for SIRI stock price. If it holds the 4.34 level, it could signify a "double bottom" leading technical traders to begin to initiate new long positions or cover shorts, although a margin of error should be considered since it is a Friday, and traders prefer "reduced risk" weekends. The real test will be Monday.
Otherwise, news driven catalysts for the stock will be focused on the ANNUAL MEETING, scheduled for Tuesday, May 23rd. Management has been uncharacteristically mum lately; perhaps they are witholding for the big date. Rumors have been swirling about new product and strategic partnership announcements.
Stay tuned...
5/12/2006 11:44:00 AM
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