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TMCNet:  Downtrend Call Working As Iridiummmunications Stock Falls 21.9% (IRDM)

[December 12, 2012]

Downtrend Call Working As Iridiummmunications Stock Falls 21.9% (IRDM)

Dec 12, 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 21.90% as of today's recent price of $6.24.

Over the past year, Iridiummmunications has traded in a range of $5.25 to $9.73 and is now at $6.24, 19% above that low. The 200-day and 50-day moving averages have moved 0.36% lower and 1.22% lower over the past week, respectively.

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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