Mid-Day Follow-Up Commentary on Selected Picks: (NASDAQ:SIRI), (NASDAQ:INTC)
New York, NY -- (ReleaseWire) -- 11/07/2012 --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
About WallStreetReport.net
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net 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. WallStreetReport.net 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 WallStreetReport.net 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 WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors you to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net 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 WallStreetreport.Net website, for complete risks and disclosures.
Contact Info:
Alexander K. Neumann
WALL STREET REPORT
info@WallStreetReport.net
347-905-5009
Media Relations Contact
Alexander K. Neumann
http://WallStreetReport.net
View this press release online at: http://rwire.com/178387