By Antonio Costa
Source:www.dailymarkets.com
Sirius XM Radio (SIRI: 1.12 0.00 0.00%) - Sirius failed to close over the 10-day moving average now located at $1.16.
A close over this level would be bullish and I’d look for Sirius to test the recent high of $1.25, however while the long-term chart is bullish there are some bearish signals in the short-term chart.
MACD fast line crossed below slow line and the RSI is drifting lower. If SIRI breaks down through $1.09, more downside will should follow.
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