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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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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