Is Sirius XM undervalued?

alanj answered one year ago …

The MACD recently took a fairly big dip. And it's fast line touched the slow line on Thursday, Friday it crossed above the slow line. This is a buy signal. The RSI last week came within a whisker of being in oversold territory. The SLOW STOCHASTICS also had a very sizable dip and is now headed up. This is also a buy signal. The technicals say buy now. But keep in mind that this stock has been and still is in a long term downtrend. According to the trendline $2.40 - $2.50 is an area of resistance. If it reaches this area you may want to sell or at least use a fairly tight protective stop to lock in profits.