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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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