SIRIUS XM Radio Inc. (SIRI) Stock Analysis 10/22/10

Shares of SIRIUS XM Radio Inc. (SIRI) have been pulling back over the past 2 trading sessions. Below is technical analysis on SIRIUS XM Radio Inc. for October 22, 2010.

Resistance Levels: $1.40, $1.44

Support Levels: $1.26, $1.15


SIRIUS XM Radio Inc. (SIRI) made a 52 week high recently located at $1.44. The stock has since fallen back to $1.30 and needs to hold here or we could see a $1.10-$1.15 price next. This would set up a great buying opportunity however. SIRIUS XM Radio Inc. will probably not see sub $0.90 again unless we see a major stock market sell off. If SIRI rises back up and breaks $1.44, resistance will be located at $1.50.