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IRDM Makes Bullish Cross Above Critical Moving Average

By Market News Video Staff, Thursday, July 21, 2:51 PM ET
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In trading on Thursday, shares of Iridium Communications Inc (NASDAQ:IRDM) crossed above their 200 day moving average of $8.53, changing hands as high as $8.82 per share. Iridium Communications Inc shares are currently trading up about 3.7% 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 $7.65 per share, with $10.53 as the 52 week high point that compares with a last trade of $8.68.

According to the ETF Finder at ETF Channel, IRDM makes up 1.38% of the Dynamic Utilities Portfolio ETF (AMEX:PUI) which is trading up by about 1.1% on the day Thursday.

See what other ETFs contain IRDM
See what other stocks are held by PUI

IRDM operates in the Communications Services sector, among companies like Nippon Telegraph & Telephone Corp. (NYSE:NTT) which is trading flat today, and Solarwinds Inc (SWI) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of IRDM, versus NTT and SWI.

IRDM,NTT,SWI Relative Performance Chart


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