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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
Play Video: Learn About The 200 DMA


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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   Average   Below   Call   Communications   Definition   ETFs   Earnings   IRDM   Industrial   Investment   Iridium   Moving   NYSE   Portfolio   Relevant   Telefonica   What   about   above   allows   among   asset   average   chart   companies   completely   currently   designed   growth   hands   high   history   mdash   moving   operates   performance   point   portfolio   price   range   share   shares   short   stocks   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 - 2014, All Rights Reserved

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