Mid-Day Follow-Up Commentary On Selected Picks: (NASDAQ: SIRI), (NASDAQ: INTC)
New York (November 7th, 2012) - Sirius XM Radio Inc. (NASDAQ: SIRI) is sharply lower in trading today. At last check, SIRI was down 2.86% to $2.73 on volume of 55.27 million. The stock has now fallen nearly 6% this week.
SIRI has fallen in the last three trading sessions. The drop has accompanied by significantly high volume activity. This suggests that the market sentiment is now bearish on the stock. The MACD histogram is indicating increasing downward momentum. SIRI could continue to slide before it finds support at around $2.65.
Find out for how many trading sessions could SIRI keep on dipping by getting the full free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SIRI
Intel Corp. (NASDAQ: INTC) is down sharply in mid-day trading today. The stock is currently down 3.22% to $21.03 on volume of 32.92 million. INTC hit a 52-week low of $20.95 in trading today. INTC has seen a bearish trend for the past few weeks. The stock’s MACD chart suggests that the bearish trend is likely to continue. The MACD is trading below the zero-line, which is a bearish signal. The MACD histogram is also indicating increasing downward momentum.
Find out if INTC could pick up some steam in the very short term by getting the full trend analysis report about the stock here: http://www.wallstreetreport.net/market-scan/?symbol=INTC
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