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Stock Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

Iridium Communications Inc (NASDAQ:IRDM)

Bull Market Weakness (+75) - IRDM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IRDM as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid IRDM?

MarketClub looks at technical strength and momentum to determine if the timing is right for IRDM.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low IRDM Price Change
62.230 62.470 60.520 61.415 -1.195
Entry Signal

MarketClub’s Trade Triangles for IRDM

long term up The long-term trend has been UP since Apr 4th, 2022 at 42.40

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2023 at 61.58

short term up The short-term trend has been UP since May 30th, 2023 at 60.80

Smart Scan Analysis for IRDM

Based on our trend formula, IRDM is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for IRDM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.230 62.470 60.520 61.415 -1.195
Prev. Close Volume Bid Ask Time
62.610 559494 2023-06-05 15:59:16
Year High24.1Year High Date2018-10-01
Year Low10.75Year Low Date2018-03-05
52wk High68.3452wk High Date2023-04-24
52wk Low33.8852wk Low Date2022-06-14
Year End Close6.72Average Volume566,986
Shares Outstanding125,924Short Interest6,904,766
% Institutional87.2Market Cap3,483M
P/E Ratio447.2143Beta0.38
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