One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Iridium Communications now clears that threshold, with a jump from 73 to 81 Tuesday.
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This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or higher RS Rating as they launch their biggest price moves.
Iridium Communications is trying to complete a consolidation with a 35.85 buy point. See if it can break out in volume at least 40% higher than normal.
Earnings growth increased last quarter from 7% to 69%, but the top line fell from 9% to 5%. Look for the next report on or around Jul. 24.
Iridium Communications holds the No. 1 rank among its peers in the Telecom Services-Wireless industry group. T-Mobile US and Spok Holdings are also among the group's highest-rated stocks.
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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