XM Satellite Radio Holdings (NASDAQ: XMSR) has been relatively weak to the market for
the past week or so, but yesterday the stock made a comeback. Shares trended
higher throughout the majority of the trading session after opening to the
downside. Will the stock continue to climb today? It definitely has some
momentum!
Although the stock broke the up
trend line at the end of the day, it was able to pop up on heavy volume and
close right on the line. This is a bullish sign for XMSR.
Happy Trading,
Andy Swan
co-founder, DaytradeTeam
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