Sirius XM Holdings Inc (SIRI)

[RedStick]

I'm long on SIRI, but I honestly think we test the lower 40s again tomorrow and then see a pullback down to the lower 30s. That RSI is making we think we're a bit overbought here, just like the last time it broke the 70s. I really think that people are taking profits around the 40 mark. You have to remember that just a couple weeks ago we were trading in the teens, so I think a lot of people are due for over 100% profits and will take them, especially in this economy.

I'll jump back on board either if she pulls back to the lower 30s, or if she breaks through the lower 40s. GLTA