Traders Take Second Look at Sirius XM (SIRI) Following Recent Voltility
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Sirius XM Radio Inc. (Nasdaq: SIRI) shares are down about 0.7 percent following a few up days this week, but traders are favoring a little more upside in the name.
Money flow is positive $10.1 million for an uptick-to-downtick ratio of 1.9 times. The trailing 14-day money flow index is at 48.7, order modestly to the oversold end of the spectrum.
From the end of May through middle of June, short interest fell 8 percent to 339.28 million shares, or 11 percent of float. About 28.7 percent of the stock is being held by institutions, while shares short at the end of April was about 379 million.
The stock recently hit a 52-week high of $3.63 on May 28th.
It also appears that the 20-day SMA is just crossing below the 50-day SMA. That last happened in early May, which Sirius was trading around $3.29.
Not much is happening for Sirius XM, but Pandora (NYSE: P) has been going to the negotiating table with labels and musicians over current royalty rates and litigation. Nothing should change for Sirius on the outcome of these talks given the broad content offered by the satellite broadcaster.
Shares are down 0.9 percent.
Money flow is positive $10.1 million for an uptick-to-downtick ratio of 1.9 times. The trailing 14-day money flow index is at 48.7, order modestly to the oversold end of the spectrum.
From the end of May through middle of June, short interest fell 8 percent to 339.28 million shares, or 11 percent of float. About 28.7 percent of the stock is being held by institutions, while shares short at the end of April was about 379 million.
The stock recently hit a 52-week high of $3.63 on May 28th.
It also appears that the 20-day SMA is just crossing below the 50-day SMA. That last happened in early May, which Sirius was trading around $3.29.
Not much is happening for Sirius XM, but Pandora (NYSE: P) has been going to the negotiating table with labels and musicians over current royalty rates and litigation. Nothing should change for Sirius on the outcome of these talks given the broad content offered by the satellite broadcaster.
Shares are down 0.9 percent.
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