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SIRI Losing Support Despite 1:10 Reverse Stock Split

SIRI has announced a 1:10 reverse stock split, which is usually bearish for most stocks. SIRI is also losing support at a key support zone between $29.90 and $36.48. I think SIRI desperately needs to rebound around $24.50 to have any hope of climbing back above $29.90 support. If SIRI fails to remain above $24.50 I can see a move down lower to the next key support zone between $16.38 and $18.75.

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