23.05.2014 - Sirius XM Radio is preparing to break the resistance

The stock price of the company Sirius XM Radio has grown in the last trading session and reached the nearest local maximum of 3.27 and an inclined resistance line. For the continuation of ascending movement, the price needs to gain a foothold above these levels. Considering long-term consolidation and strong upside momentum, we expect further upward movement with the objectives at 3.60 and 3.85. Fall is limited by support at 3.10. We expect growth of the company's stock price in the medium term.

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