7/29/2017 – Sirius XM Holdings (SIRI) Post-Earnings Analysis
This is a Sirius XM Holdings (SIRI) post-earnings stock chart analysis. SIRI reported earnings on July 27, 2017 before the market opened for regular trading. SIRI appears to have had a nice earnings report.
But what do the Sirius XM Holdings (SIRI) stock charts have to say? Is SIRI primed for another advance upwards? Or is it ripe for a consolidation after its nice earnings report?
I did post an article for SIRI on July 1, 2017 that reviewed its long-term outlook. But it's always wise to revisit the outlook after a major event. Earnings are almost always major events for a company and its share price.
Let's dive into the charts and see if we can find answers for the questions posed above. And while I'm at it, it never hurts to take another peek and make sure the long-term analysis doesn't need any tweaking yet.
Sirius XM Holdings (SIRI) Post-Earnings Analysis
Let's start the Sirius XM Holdings (SIRI) stock chart review with a 3 monthly daily candlestick chart. I wanted to start with this shorter-term chart to focus on the gap-up SIRI's share price had the day of its earnings. A gap-up in a new potential uptrend is typically a buy signal. But gap-ups also develop in the middle of uptrends and near the top of uptrends.
This Sirius XM Holdings (SIRI) post-earnings chart shows that SIRI's share price gapped up on its earnings day and so far has held the gap-up. If SIRI's share price…...
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I continue review and analyze the Sirius XM Holdings (SIRI) post-earnings gap-up. A list of short-term price activity to watch for is also provided.
And finally, I see how this shorter-term activity fits into SIRI's long-term trend that I've written about at the beginning of July 2017.But if you are not a Trendy Stock Charts member, you can't read the rest of my analysis, which has been spot-on for SIRI over the last several years.
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