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.%
1.1191
-0.0053
0.4754%
1.2953
-0.0049
0.3792%
14.883
-0.122
0.813%
66.148
2.139
3.341%
74.57
0.08
0.11%
1273.010
-2.690
0.211%
 
 
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