Sirius XM Radio
Nearest Support: $3.20
Catalyst: Technical Setup >>5 Big Trades After the Fed Meeting Satellite radio operator Sirius XM Radio ( SIRI) is down just shy of 2%, driven lower on high trading volume by a bearish technical setup. Sirius XM has had a major about-face in the last two months, going from rallying hard in May to correcting just as hard in June. The rounding top pattern put into shares at the end of last month triggered a few weeks ago, and shares have been making an orderly descent ever since. I think it's early to try to build a position in SIRI right now. Wait for the downtrend resistance line to get broken before jumping in.
Nearest Support: $40
Catalyst: Dividend Hike >>5 Stocks Insiders Love Right Now Retail REIT Realty Income ( O) didn't just start selling off this week. Shares of the large landlord have been getting shellacked since the middle of May, when a downgrade from Goldman Sachs ( GS) sparked selling. For income-seekers, one positive outcome from that is a higher dividend yield, currently at 5% for Realty Income. And with today's dividend announcement, that yield is continuing to increase. Realty Income announced yesterday that it was hiking its monthly dividend payout from 18 cents to 18.15 cents. The shareholder pay raise is small, but coupled with the huge drop in shares over the last month, this stock's yield has become massive. I'd suggest waiting to build a position from here - we're still a little way off from $40 support.
CemexNearest Resistance: $10.25
Nearest Support: $9.75
Catalyst: Latin America Proxy >>5 Stocks Poised to Pop on Bullish Earnings Newsflash: Unlike the recent weakness in the S&P 500, emerging-market stocks have been getting hammered for pretty much all of 2013. That's showing through in Mexican cement maker Cemex ( CX) as it tests key support today. Cemex made a major swing in today's session, cracking all the way down to test key support at $9. Since then, it's rebounded back up to shorter-term support at $9.75 - if shares can hold that level until the close today, Monday may be a good time to jump into CX as a short-term buy. Longer-term, resistance has been constraining CX to lower highs. Until that resistance line gets broken, I'd only recommend more experienced traders take a position in this stock. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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