New York, NY -- (ReleaseWire) -- 11/09/2012 -- Sirius XM Radio Inc. (NASDAQ:SIRI) is rebounding in mid-day trading today, after falling sharply in the previous trading sessions. At last check, SIRI was trading 3.56% higher at $2.77 on volume of 39.29 million, which is nearly half the daily average volume of 81.92 million.
SIRI has rebounded after hitting $2.65 support level. The sharp rise in trading today has been accompanied by significant volume, which indicates that the recent bearish trend is now over. If SIRI breaks through $2.80 resistance level then it has significant upside potential.
Find out if SIRI could maintain its momentum in the very short term by reading the full free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SIRI
Glu Mobile Inc. (NASDAQ:GLUU) is another stock on the NASDAQ that is seeing a sharp rebound after recent losses. At last check, GLUU was trading 3.18% higher at $2.27 on volume of 1.19 million, which is well below the daily average volume of 4.33 million.
Despite the gains today, GLUU is still down more than 7% in the last three trading sessions. GLUU has bounced back after hitting a 52-week low of $2.17. The technical indicators for GLUU are still bearish; therefore the gains could be limited. The stock has stiff resistance at around $2.50.
Get the latest news and report on GLUU by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=GLUU
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