Sirius XM Radio (NASDAQ:SIRI) is one of today's best performing low-priced stocks, up 2.5% to $1.57 on 0.5x average daily volume. Approximately 19.7 million shares have traded hands today vs. 30-day average volume of 37.9 million shares.
High volume often signals a change in trends. Shares of Sirius XM Radio are currently trading above their 50-day moving average (MA) of $1.48 and above their 200-day MA of $1.18.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Sirius XM Radio is in SmarTrend's Broadcasting- Radio industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Uptrend and price prediction.
SmarTrend currently has shares of Sirius XM Radio in an Uptrend and issued the Uptrend alert on April 14, 2010 at $1.04. The stock has risen 46.4% since the Uptrend alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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