New York (December 3rd, 2012) – Sirius XM Radio Inc. (NASDAQ: SIRI), a satellite radio company with over 20 million subscribers, is up sharply in mid-day trading today. SIRI is currently up more than 2% to $2.82 on volume of 18.52 million, which is nearly a quarter of the daily average volume of 78.55 million. SIRI has now gained nearly 4.5% in the last three trading sessions.
SIRI has been gaining momentum in the last three trading sessions and the stock today broke through $2.80, which has been a stiff resistance level recently. SIRI could continue to rise before facing resistance at around $2.90.
SIRI had reported its third-quarter financial results last month.
Get the latest news and tips on when to buy or sell SIRI here: http://www.wallstreetreport.net/market-scan/?symbol=SIRI Research In Motion Limited (NASDAQ: RIMM), the maker of BlackBerry smartphones, is marginally lower in trading currently. At last check, RIMM was down 0.09% to $11.59 on volume of 23.32 million. RIMM has slipped in trading today after Canaccord Genuity analyst Mike Walkley lowered the stock’s rating from Hold to Sell even as he raised the price target from $8 to $10.
The downgrade comes even as RIMM has performed well in recent weeks. RIMM’s rally began last month after the stock bounced back from $8.50 support level. However, the stock struggled last week as it hit $12 resistance level. RIMM could see a pullback in the next few trading sessions on profit booking.
Find out more about RIMM by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=RIMM About Us:
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