Iridium Communications (IRDM) Shares Cross Below 200 DMA

In trading on Tuesday, shares of Iridium Communications Inc (IRDM) crossed below their 200 day moving average of $6.91, changing hands as low as $6.80 per share. Iridium Communications Inc shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of IRDM shares, versus its 200 day moving average:

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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 $9.22 as the 52 week high point — that compares with a last trade of $6.86.

According to the ETF Finder at ETF Channel, IRDM makes up 1.33% of the Dynamic Utilities Portfolio ETF ( PUI) which is trading relatively unchanged on the day Tuesday.

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