Sirius In Pullback Mode - Jeff Pierce

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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More

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Sirius In Pullback Mode 1 comment

Apr 25, 2012 12:33 PM | about stocks: SIRI

SIRI is now in a corrective state after falling below the critical $2.20 level where multiple points of confluence suggested this was a good support level. New buys should wait until we reach support on weekly chart, which I've deemed is between $1.97 - 2.00 due to Fibonacci retracement levels. This is an area where longer term investors can take a trade with a low level of risk. Chances that this trade will be successful will be greater if the RSI on the daily chart can remain above the 30 level.
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Stocks: SIRI

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Mking30 Comments (52)

well exactly what stock do u see out ther that isnt in pull back mode or trendin downward, that are under$ 10.00.?u shot down both of my aces in the hole,no pun intended...(dang,siri)

25 Apr 2012, 02:57 PM Reply Like