Facebook Inc. (NASDAQ: FB), the social networking giant, has edged higher in mid-day trading today, extending its gains from the previous trading sessions. FB is gaining after the stock broke through $28 resistance level on Wednesday.
FB had been struggling to break through $28 resistance level for a while. FB is currently trading 0.93% higher at $28.26 on volume of 20.55 million, which is nearly a third of the daily average volume of 66.25 million. The stock has gained more than 9% this week.
The next resistance level for FB is at around $28.50. The upward trend could continue if the stock breaks through this level.
Sirius XM Radio Inc. (NASDAQ: SIRI), a satellite radio company with more than 20 million subscribers, is marginally higher in mid-day trading today, extending its gains from the previous trading session. SIRI had finished 4.5% higher on Wednesday, tracking gains in the broad market, which rallied after lawmakers reached a partial budget deal that averted the fiscal cliff.
SIRI broke through $3 level on Wednesday. The stock is currently trading 0.17% higher at $3.03. Earlier, it hit a high of $3.04, which is the highest level in more than four years. SIRI has broken through a stiff resistance level and this is a strong bullish signal. The upward trend will continue in the next few trading sessions.
MonsterTradingAlerts.com issues momentum alerts on stocks that can provide gains to day traders. MonsterTradingAlerts.com provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. MonsterTradingAlerts.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals MonsterTradingAlerts.com is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the MonsterTradingAlerts.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www. MonsterTradingAlerts.com
Disclosure: MonsterTradingAlerts.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit MonsterTradingAlerts.com website, for complete risks and disclosures.
Investor Alley, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
Alexander K. Neumann
Monster Trading Alerts