( Click here for a live version of this chart.)
SIRI gapped up on the open and moved higher from there today on strong volume. Very nice turnaround play with resistance at 0.225. When a stock that is already in an uptrend gaps up like this, it is called a "Runaway Gap."
About the author:
Chip Anderson is the founder and president of StockCharts.com.
He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997.
Since 1999, Chip has guided the growth and development of StockCharts.com into a trusted financial enterprise and highly-valued resource in the industry.
In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site.
Learn More
