SiriusXM vents off oversold saturation - Analysis - 10-08-2018

Sirius XM Holdings' stock rose 0.65% in the last session, or 0.04 points, as it vents off overbought saturation in the Relative Strength Index, while the support of 6.85 held its ground, with the stock testing the support an ascending price channel that guided recent short-term trading as shown in the attached chart, touching thereafter the resistance of the 50-day SMA. 

Therefore we expect the stock to return lower, especially if the support of 6.85 was breached, targeting the next one at 6.19.