Iridium Communications saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 76.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Iridium Communications can continue to rebound and clear that threshold.
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Iridium Communications is working on a cup with handle with a 34.45 entry. See if the stock can break out in heavy trade.
Earnings grew 7% last quarter, up from 0% in the prior report. Revenue also increased, from 8% to 9%.
The company earns the No. 2 rank among its peers in the Telecom Services-Wireless industry group. T-Mobile US is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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