Sirius XM enjoyed a great Easter Weekend, coming out of the gate strong on Monday. Sirius XM’s stock Nasdaq:SIRI , entered the weekend strong on Thursday, and opened strong on Monday. Currently the stock is dipping a little , but not enough for reason to worry. Whether or not SIRI is down at the end of today, it will most likely finish stronger by the end of tomorrow (if history is of any importance.)
A good note of news for Sirius, is that its volume continues to grow. The past few days trading higher than its average volume, without any real news to justify it. As Sirius Satellite Radio marches closer to the awed 2.00 mark, the volume will continue to pick up. Some analysts are predicting that once SIRI crosses that mark it will cause a “slingshot like effect,” and have it sore even higher at a very fast rate. Hanging around the two dollar mark for a couple weeks, as it tries it out, is probably more likely. We are seeing strong resistance at that mark, and it will more than intensify in the next few days. If there is one thing to bet on with this stock, is that it goes up. After weathering horrible storms, the two year chart looks simply amazing.