Can Iridium Communications (IRDM) Continue to Rise? - Tale of the Tape

by Zacks, Benzinga Contributor

March 13, 2014 10:31 AM | 1 min read | Make a Comment

Although Iridium Communications Inc. IRDM is up over 16.6% in the past four weeks, investors may be concerned. After all, IRDM is now in overbought territory, at least when looking at its RSI value of 70.9. If that wasn't enough, investors should also note that Iridium Communications possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in IRDM shares before too long.

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