Iridium Communications Breaks Above 200-Day Moving Average - Bullish For IRDM

In trading on Thursday, shares of Iridium Communications Inc (IRDM) crossed above their 200 day moving average of $6.97, changing hands as high as $7.37 per share. Iridium Communications Inc shares are currently trading up about 11.1% on the day. The chart below shows the one year performance of IRDM shares, versus its 200 day moving average:

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Click here to find out which 9 other stocks recently crossed above their 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 $5.25 per share, with $9.73 as the 52 week high point — that compares with a last trade of $7.28.

According to the ETF Finder at ETF Channel, IRDM makes up 1.23% of the Dynamic Utilities Portfolio ETF ( PUI) which is trading higher by about 0.2% on the day Thursday.

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