Today your Senorita has once again crawled off the pinks to take a look at what’s popping on the bluechips. After going through a sea of POS tankity tanks that looks like they haven’t exactly found bottom yet, Sirius XM radio inc. (Nasdaq: SIRI) came across my ole roachy radar.
If you haven’t heard of SIRI then, well I don’t know what to tell you haha. SIRI currently has over 20 million subscribers that enjoy commercial free music, talk shows, and sporting events and they just added full coverage of the 2011-2012 NHL hockey season starting with the opening games tomorrow night Oct. 6th, it will be a tripleheader featuring the Philadelphia Flyers @ Boston Bruins, Montreal Canadiens @ Toronto Maple Leafs and Pittsburgh Penguins @ Vancouver Canucks.
Go Pittsburgh! Kick some Canadian ass haha! SIRI’s monthly fees range anywhere from $9.99 for the very basics, $11.95 for a family friendly package (meaning no cussing), and the BEST of Sirius XM which goes for $16.99 a month.
I guess the market liked the news, and hockey fans everywhere rejoiced that SIRI finally picked up the NHL hockey season after realizing that it is indeed a sport, and that they were missing out on some potential subscribers. Everyone always forgets about the poor hockey fans. I guess golf is much more exciting to listen to. *Eyeroll*
SIRI has deals with EVERY MAJOR automaker known to man, and I am not even kidding when I say that SIRI is EVERYWHERE. You cannot escape Sirius XM, whether you’re sitting in a restaurant enjoying a nice meal, shopping at the mall, or taking that new boat for a test spin, if there’s music on… you’re most likely listening to Sirius XM radio.
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Anyways, enough of the commercial let’s get to the meat. SIRI saw incredible volume yesterday as it went into oversold territory on the daily charts. SIRI finally found a bottom at $1.27, and it bounced nicely off RSI 30 and closing strong at $1.47 which is only 5 cents down from the day’s high of $1.52.
So put SIRI up on the old watchlist, because this dog just might hunt. Support comes in at $1.40 and resistance lies ahead at $1.55.