Sirius XM Holdings Inc (SIRI)

[dmlabuda]

In my opinion, it is doubtful that this rally will see $2.00. If there is another test of the 200 day SMA today and the market somehow manages to close above it, then it would be possible. The opening this morning suggests to me that hopeful bulls are anticipating that. But, the volume is not consistent with a major push and in the second hour of trading, so far there seems to be a lack of follow through for the first hours bounce up. Within the hour, we should know if there is a possibility of the rally strong enough to close above the 200 day average. Right now, it's struggling to reach today's high and the volume does not appear to be there.