Sirius XM Holdings Inc (SIRI)

[dmlabuda]

SIRI - Extremely Technically Weak! - If you watch the technical indicators when you trade, you must be concerned about the very probably double top with high volume and extremely weak stochastic and MACD. I believe this market is due to fall back initially to the support at $2.00 and then take a further tumble although it's really too early to call that one. The next support would be in the $1.85 to $1.90 area and with a double top (if it remains) I believe that is where it will go. I was analyzing this stock to determine an entry point because I'm long term bullish but, I will have to be on the sidelines for now. Bulls should consider taking profits here. I know I would if I had any.