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Released on Thursday, September 15, 2011, 10:30 PM ET
Pittsburgh, PA (SpeculatingStocks) -Sirius XM radio has been sending out more than satellite signals in the past few days, most notable a nice up-trend movement. Sirius XM Radio Inc, (NASDAQ:SIRI) has been trading at $1.84 per share (4:01 PM EDT) and on 9/14 showed a 7.14% gain.
Running a beta of 2.02 makes it doubly volatile compared to movements in the market. Currently SIRI is trading within its 52-week range between $1.05 and $2.44 per share. Sirius XM has a current ratio of 1.07.
Sirius XM Radio Inc, has been getting some buzz from the general market recently, and many analyst have placed a buy on the stock. We are upholding this market sentiment, Sirius seems to be in good financial condition and growth with the fast stochastic %K 14-day against its %D 3-day over the past three months have shown that Sirius XM might be going into an upswing.
Keep tracking SIRI's movements and recent news and make sure to get out when any signs of drop occur. Sirius might not profit in intraday trading, but spread across a few weeks you could see some profits. Because SIRI has a low stock value in the mid-cap range, you can expect a more even ride than a small-cap.
Track stocks that are buzzing on Twitter within our "Twitter Buzz" section on the SpeculatingStocks homepage.
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