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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Sirius_Rich who wrote (3998)	1/18/2005 9:06:46 PM
From: Vendit™	Read Replies (1) of 8752

Thought you would like this T/A as well on XM. XM is in the middle of its technical up trend. I would consider it a long hold at the moment. 139.142.147.218 The candlestick that formed today shows that bulls and bears were equal in number so that shows me that neutrality was present today. (Buyers equaled sellers) MACD (momo indicator is one day from a buy signal) this should push XMSR above the 20-EMA line. If the above setup becomes reality, expect XMSR to move to the upper Bollinger band, target = $40.00. If not, the stock will stall where it is today and fall back to the lower bollinger band. Reid

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