Sirius XM Holdings Inc (SIRI)

[dmlabuda]

I was looking at the SIRI Weekly chart, it's the only one right now that is not completely oversold so, I still believe the price will drop lower but, we could very easily see a bounce here first. The weekly chart shows the 200 week SMA right at $1.30 which is also an area that shows a history of support/resistance so, it's possible that the bulls will make a stand there. But, that's too early to call. I still like $1.20 as a target price to look for firm support and the volume needed to turn the market back around. But, if that does not happen, then we could even see lower prices. Again, too early to call that one but, the next obvious possible support below $1.20 would be $1.00 and then $0.80. At the moment, I think $1.20 is decent target price.