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Sirius XM stock (NASDAQ: SIRI): bearish breakdown

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by , 06-17-2022 at 05:13 AM (85 Views)
      
   
Sirius XM stock (NASDAQ: SIRI), a leading provider of satellite radio, has a large number of outstanding shares of around 4 billion (in 2021) which makes its stock trade at a low price in the range of $6 to $7 levels.

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The daily/weekly price is on bearish breakdown: the price was bounced from 6.41 resistance level to below for the bearish area of the chart with 4.50 support as a possible target. Alternatively, the price will be on secondary ranging near and below Ichimoku cloud waiting for direction.

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