Martha Likes Sirius, But Here’s Why I Like XMSR

  • April 19, 2005
  • Derrick Hobbs

Martha
Stewart may like Sirius, but Derrik Hobbs likes XM Satellite Radio (XMSR).
This satellite radio stock has hit a large Fibonacci price support zone
and is in the process or printing a nice reversal candlestick pattern right
here. I’d be looking long right here with a stop under yesterday’s low with a
first objective of 30.50.

If stopped out, I’d be looking
for another long opportunity down in the 24.40-25.40 price area.


All the best,

Derrik