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12.9% Return Seen to Date on SmarTrend Iridium Communic Call (IRDM)

By James Quinn

SmarTrend identified an Uptrend for Iridium Communic (NASDAQ:IRDM) on December 24th, 2019 at $25.42. In approximately 2 months, Iridium Communic has returned 12.93% as of today's recent price of $28.70.

In the past 52 weeks, Iridium Communic share prices have been bracketed by a low of $7.41 and a high of $32.08 and are now at $29.27, 295% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

Iridium Communications, Inc. offers mobile satellite communications services. The Company's satellites operate in a low-earth orbit and provide 100% global coverage. Iridium Holdings offers voice and data communications services to the United States and foreign governments; businesses; non-governmental organizations; and consumers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Iridium Communic shares.

Log in and add Iridium Communic (IRDM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights iridium communic

Ticker(s): IRDM