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Iridium Communic Crosses Below its 10-day MA (IRDM)

By Nick Russo

Iridium Communic (NASDAQ:IRDM) crossed under its 10-day moving average of $17.99 on a volume of 247K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Iridium Communic have traded between a low of $6.80 and a high of $18.95 and are now at $17.61, which is 159% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has advanced 4.3%.

SmarTrend recommended that subscribers consider buying shares of Iridium Communic on May 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.13. Since that recommendation, shares of Iridium Communic have risen 39.0%. We continue to monitor IRDM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses iridium communic

Ticker(s): IRDM