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 $6.77, changing hands as high as $6.99 per share. Iridium Communications Inc shares are currently trading up about 9.2% on the day. The chart below shows the one year performance of IRDM shares, versus its 200 day moving average:

START SLIDESHOW:
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 $5.37 per share, with $9.22 as the 52 week high point — that compares with a last trade of $6.85.

According to the ETF Finder at ETF Channel, IRDM makes up 1.09% of the Vanguard Telecommunication Services ETF ( VOX) which is trading higher by about 1.4% on the day Thursday.

If you liked this article you might like

Weak On High Volume: Iridium Communications (IRDM)

Kamich's 10 Stocks Under $10

Iridium Communications (IRDM) Is Weak On High Volume Today

Iridium Communications Is Conveying a Clear Message

Iridium Communications Is Conveying a Clear Message

Strong On High Volume: Iridium Communications (IRDM)