Sirius XM tries to pierce downward trend line - Analysis - 18-04-2019

Sirius XM Holdings' stock tried to breach the main downward trend line in the medium term, with positive support from the 50-day SMA, while settling above the support of 5.95, as it vented off overbought saturation in the RSI. 

Therefore we expect more gains for the stock, as long as it settles above 5.95, targeting the first resistance at 6.18. 

Expected trend for today: Bullish