Sirius XM Holdings Inc (SIRI)

[sludgehound]

50/200 EMA & watch red candle reversal

Thanks for looking at 30 day MA on a weekly. Rare for me to
go too far out. Supposed to check week & month.
There are lot of traders in sub $1 who screen for 50/200 cross
to get interested. 50 just curled up bit today. 200 sits at
a declining .58 and intercept could come around there.
Thing to avoid is yet another dramatic red candle reversal day on large Vol. See 4 of them >100M with 3 being reversals over past months.
Today's green candle biggest since that 3 pack in mid Feb.
If powers want this then should be some show of force. Night
time US futures showing redness right now. Sometimes
overall market can set the tone. Today tho SIRI did make
some noise that sets of some alarm bells. Reaction will be
key whether we get continuation. Coming up on EoQ too and
they'll be looking to load up some books with gainers for
1H to show the rubes. After the 4th then gets tricky.
Lot will depend on where it is at that point. $1.50 would
make it hard to ignore but then so would .20
Be a ride for sure. MFI on rise since end of May so there
is no doubt this one has been getting attention. That says
a lot in this condition where so many are flat.
g/l