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Iridium Communications Inc Breaks Above 200-Day Moving Average - Bullish for IRDM

By Market News Video Staff, Tuesday, May 10, 1:30 PM ET
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In trading on Tuesday, shares of Iridium Communications Inc (NASDAQ:IRDM) crossed above their 200 day moving average of $8.73, changing hands as high as $8.74 per share. Iridium Communications Inc shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of IRDM shares, versus its 200 day moving average:

Iridium Communications Inc 200 Day Moving Average Chart

Looking at the chart above, IRDM's low point in its 52 week range is $7.34 per share, with $11.13 as the 52 week high point — that compares with a last trade of $8.30.

IRDM operates in the Communications Services sector, among companies like Verizon Communications Inc (NYSE:VZ) which is up about 0.6% today, and Telefonica, S.A. (NYSE:TEF) trading lower by about 0.4%. Below is a three month price history chart comparing the stock performance of IRDM, versus VZ and TEF.

IRDM,VZ,TEF Relative Performance Chart


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This Article's Word Cloud:   Above   Below   Communications   IRDM   Investment   Iridium   Moving   NYSE   Portfolio   Telefonica   Their   about   above   allows   among   asset   average   below   bonds   chart   classes   companies   complete   completely   countries   currently   designed   down   growth   hands   high   history   leads   mdash   moving   performance   point   portfolio   price   program   range   raquo   share   shares   short   terms   trading   versus   week   with
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Iridium Communications Inc Breaks Above 200-Day Moving Average - Bullish for IRDM | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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