Sirius Charts: Stay Patient
Stock quotes in this article:
SIRI
Sirius XM(SIRI Quote) reported earnings Thursday and got a nice pop to the upside that has faded as the day has worn on. Is it a buy here or a sell? Here's a quick look at the charts.
The monthly chart gives great context. The last swing high was broken on volume and that's a good sign if you want to be long. That high, since it was on volume, will get tested. The real question is whether it will be tested now or sometime later.
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