Volume Spike Investor

SIRIUS XM Radio Inc. (NASDAQ: SIRI) may be one to watch after 5-days in a row of gains and after a near 40% run up in that time period. Shares are up yet again this morning, but the volume is not as strong compared to prior mornings. At 8:38 AM EST we have seen less than a penny rise but still a 1% rise in the stock that is $0.734. We are still waiting for a product announcement this week, and shares are getting into overbought territory if you think normal chart and technical data applies to penny stocks… Volume has been strong for days, but if no news comes there is likely to be at least some buyer exhaustion here soon. -JON OGG