Is Major Move Coming For The Liberty SiriusXM Group (LSXMB) After This Bullish Double Top?

July 16, 2018 - By Lisa Delgado

The chart of The Liberty SiriusXM Group (LSXMB) shows a double top with $51.48 target or 3.00 % above today’s $49.98 share price. The 8 months chart pattern indicates low risk for the $16.60 billion company. It was reported on Jul, 16 by Finviz.com. If the $51.48 price target is reached, the company will be worth $498.12 million more. Double tops are rare but powerful chart patterns.

It closed at $49.98 lastly. It is down 0.00% since July 16, 2017 and is . It has underperformed by 12.57% the S&P500.

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc., transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company has market cap of $16.60 billion. The firm also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment. It has a 14.17 P/E ratio. In addition, it offers connected vehicle services; and Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings.

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