SiriusXM tries to recoup some losses - Analysis - 12-10-2018

2018-10-12 13:12:48 GMT (Economies.com)
SiriusXM tries to recoup some losses - Analysis - 12-10-2018
 

Sirius XM Holdings' stock rose cautiously while trying to recoup some past losses and vent off oversold saturation in the RSI, while settling below 6.14, a level that represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 5.17 to 7.70), scoring a cautious profit of 0.34% in the last session, or 0.02 points, amid negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, as long as it settles below 6.14, targeting the next support at 5.77, which represents the ratio 76.4% of the same retracement levels. 

 

Expected trend for today: Bearish 

 
 
  Symbol Last Change Chg.%
1.1369
0.0004
0.0326%
1.2873
-0.0004
0.0295%
15.245
-0.096
0.623%
53.722
-0.116
0.214%
62.50
-0.19
0.30%
1278.690
-2.670
0.208%
 
 
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