SIRI Update — Taking Profits
Apologies for the late update on this one
I wanted to post about some profits I recently took at the end of last week on one of my Under 30 RSI plays $SIRI.
Sirius XM ($SIRI) popped up on my scan as being under 30 RSI and under the 200 SMA. The 1st Target was the 200 SMA which I missed on July 5th because I was in the middle of moving (again, why you should always setup your Target orders in advance — though some brokers, like mine, don’t let you do that if your Limit price is too far from the current price UGH! and this happens).
Anyhoo — I was able to sell off some of the position at both $4.00 and $4.10 selling 1/3 at each price point. With a DCA of $2.75 this was around 45% gains (see below).
Still holding onto the last 1/3 of the position for the next Target of around $5 based on the 200 SMA of the weekly chart (see below):
$SIRI is currently down to around $3.50 as of this writing (which is still currently a 29% gain from my entry point) and the 5 EMA did cross below the 20 SMA:
BUT … they have their Q2 2024 Earnings Report tomorrow which estimates $0.077 per share so we shall see if it Beats or Misses that estimate and where the price moves from here.
Watchlist
Before I go, here are a few other stocks on my radar right now that are at or under 30 RSI:
$SNAP — Snapchat
$CELH — Celsius
$PINS — Pinterest
$F — Ford
Trade long and prosper!
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