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Downtrend Call Working As Iridiummmunications Stock Falls 19.8% (IRDM)Dec 04, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Iridiummmunications (NASDAQ:IRDM) on August 2nd, 2012 at $7.99. In approximately 4 months, Iridiummmunications has returned 19.77% as of today's recent price of $6.41. In the past 52 weeks, Iridiummmunications share prices have been bracketed by a low of $5.25 and a high of $9.73 and are now at $6.41, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%. Iridium Communications, Inc. offers mobile satellite communications services. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Iridiummmunications. Log in and add Iridiummmunications (IRDM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |