SIRI Final Profit Target Hit

The SIRI (Sirius XM Holdings Inc) short trade has hit the second & final target (T2 at 3.10) today for a 19% gain. The stock hit a low of 3.09 before bouncing so far and could likely continue lower toward the 3.00 area before a meaningful bounce. However, as this was the final target, SIRI [...]

Mar 25, 2014 1:40pm|Categories: Completed Trades - Short|Tags: |Comments Off on SIRI Final Profit Target Hit

SIRI Short Update

SIRI was one of the short trade ideas mentioned last week that looks to offer an objective short entry here towards the top of this large bearish rising wedge pattern.  The fact that the stock has moved up to long-term resistance on the weekly chart with negative divergences in place is one reason for establishing [...]

Aug 14, 2013 11:05am|Categories: Completed Trades - Short|Tags: |Comments Off on SIRI Short Update

Additional Short Trade Ideas

I spent some time pouring over the charts last night looking for trade ideas.  In doing so, I came up with numerous candidates, both long and short.  Some of these trade ideas are already listed as Active Trades on the site and/or Trade Setups while many are not. I'm going to start with the short [...]

Aug 7, 2013 11:10am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , |Comments Off on Additional Short Trade Ideas