SIRIUS XM Radio Inc SIRI pivot & Support Levels - 08/02/2011
Resistance levels: $2.30, $2.21, $2.16
Pivot point: $2.07
Share of Sirius XM Radio closed $2.11 on Monday.Company reported EPS of $0.03 beats by $0.02. Revenue of $744M (+6% Y/Y) misses by $8.5M.Stock is safe buy if closed over $2.40 for going forward.But next support have to look $2.I am keep on watch for that area which is $2.42 and $2.62.Sirius XM Radio will now have support at $1.92 and resistance area is $2.42 & $2.62.Sirius XM Radio is a strong buy on pullbacks below $1.80.
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