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.%
1.1478
-0.0044
0.3801%
1.2994
-0.0078
0.5940%
14.756
0.123
0.841%
66.220
-3.061
4.418%
76.37
-3.46
4.33%
1231.545
4.840
0.395%
 
 
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