Investor Alley Inc.

Mid-Day Follow-Up Commentary on Selected Picks: (NASDAQ: FB), (NASDAQ: SIRI)

 

New York, NY -- (ReleaseWire) -- 12/20/2012 -- Facebook Inc. (NASDAQ: FB), the social networking giant, is marginally higher in mid-day trading today. At last check, FB was trading 0.03% higher at $27.42 on volume of 14.97 million, which is nearly a fifth of the daily average volume of 75.68 million.

FB has gained more than 2.5% in the last three trading sessions. The stock has gained this week amid some bullish comments from analysts. However, it continues to struggle to break through $28 resistance level. FB could see significant upside if it breaks through this key technical level.

The stock is still trading well below its $38 IPO price.

Find out what investors need to do with this very popular stock by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=FB

Sirius XM Radio Inc. (NASDAQ: SIRI), the New York City-based satellite radio company with more than 20 million subscribers, is marginally higher in mid-day trading today.

SIRI is gaining today after the company and its customers won appeals court approval of a class action lawsuit settlement challenged by some satellite radio subscribers. On Wednesday, SIRI also announced the appointment of James E. Meyer as interim CEO, effective immediately. Meyer takes over from Mel Karmazin, who had previously informed the Board that he will not be renewing his employment agreement.

SIRI is currently trading 0.68% higher at $2.98 on volume of 11.58 million. The stock has gained more than 2% in the last three trading sessions and over 8% in the last five trading sessions. The five-day rally has helped SIRI break through some key technical levels.

Find out if SIRI could maintain the momentum in the upcoming trading sessions by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=SIRI

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