Sirius XM (SIRI) stock has been given up for dead many times over.
Looking at this one-year chart of SIRI, above, we can see a number of rally failures at $4, while dips under $3.70 have been bought. However, the picture changed in recent days as SIRI has closed above, and stayed above, $4. Prices for SIRI are above the flat 50-day moving average and the On-Balance-Volume (OBV) line is now moving up with the price appreciation.
In this longer-term chart of SIRI, above, we can see the rally in SIRI from $3 and the strongly rising OBV line. Also, prices are above the rising 40-week (200-day) moving average. Resistance for SIRI is old and probably not meaningful, so we have targets for SIRI of $4.25, $4.50 and $4.75.