Flag Pattern SIRI?

SIRI seems to form a Flag pattern. I am buying some for a jump to 80 cents within a week or so. Exit strategy below 65 cents.

SIRI- Another big move is coming

SIRI- Sirius XM Satellite Radio- After a nice upward move from from 37 cents to 78 cents, the stock is trading in narrower and narrower band. Most recently it seems to be stuck in 65 to70 cents band. The volume is also slowing down- so the tough battle between sellers and buyers in this field (band of 65 to 70 cents) is becoming decisive...one group is going to emerge as a winner shortly. Bias is towards an up-move.

The best trading strategy in such situation where we know- a move is coming but the chart is not decisive about the direction- is buying options- call options at 70 and buying put options at 65. However there are no options for SIRI at this moment.

The safer trading strategy is watch out for a breakout (which most probably will happen with a gap in prices) and jump on.

The aggressive strategy is to trade now but never lose sight of the stoploss (Duh, not only here but every time, a trader who is trading for a short-term movement can not afford to ignore stop-loss)

I am watching for 2 things- breakout above 70 or below 65 WITH jump in volume.

SIRI: Sirius XM Satellite:

On the daily stock price chart, there is a Head and Shoulders inverted pattern with a small Flag recently. With a 3 cents risk, it can be traded for a quick move from current level of 50 cents to 68 cents or so.
SIRI on a Weekly price chart:

Cup and Saucer is a technical pattern and good trading opportunitiy. This usually takes place after some tiring (read as boring) period for the stock. Sirius XM Radio as shown below has the pattern in making with a nice saucer and a handle formation. At the current rate of $0.50, this can be traded with a 5 cents risk (stoploss @45 cents)

As always, a stoploss is strongly recommended.

SIRIUS XM RADIO INC (SIRI)-- bottoming out?

SIRIUS XM RADIO INC(NasdaqGS: SIRI)
one of the best "Reverse buy" signals. Stoploss at today's low price.

Sirius XM Radio, Inc. provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content. As of March 31, 2008, the company offered a programming lineup of 69 channels of commercial-free music; 54 channels of sports, news, talk, and entertainment; and 11 channels of traffic and weather, as well as informational data services. It served approximately 8,644,319 subscribers. In addition, the company sells radios and accessories for use in cars, trucks, homes, offices, boats, or other locations primarily through automakers, consumer electronics retailers, and mobile audio dealers, as well as through its Web site. Further, it provides SIRIUS Internet Radio, an Internet-only version of its service. The company, formerly known as Sirius Satellite Radio, Inc., was founded in 1990 and is headquartered in New York, New York.

Sirius XM sattelite radio (NASDAQ: SIRI): Is it reversing its trend today?

Sirius and XM merged today and the new combined companies' stock opened 15% lower. Seems like this was the climax of the trend as the stock has been trading higher than the Open price since morning. If it closes above Open price today, it is positive for the stock. If the stock somehow manages to close above yesterday's Close, this is definately a strong Reverse signal.

Investment or trading in the stock needs to be with a stoploss at $1.48.

Profile of the company:
Sirius Satellite Radio, Inc. provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content. As of March 31, 2008, the company offered a programming lineup of 69 channels of commercial-free music; 54 channels of sports, news, talk, and entertainment; and 11 channels of traffic and weather, as well as informational data services. It served approximately 8,644,319 subscribers. In addition, the company sells radios and accessories for use in cars, trucks, homes, offices, boats, or other locations primarily through automakers, consumer electronics retailers, and mobile audio dealers, as well as through its Web site. Further, it provides SIRIUS Internet Radio, an Internet-only version of its service. The company, formerly known as CD Radio, Inc., was founded in 1990 and is headquartered in New York, New York.