dotnetphoenix

IRDM ready to retrace from new highs

Short
NASDAQ:IRDM   Iridium Communications Inc
Technically with RSI over 70 and a nice breakout above previous highs IRDM is ready for a little cool down. Looking at the previous tops I would expect it to go back between ~$19 and ~$21. IRDM had some positive news about providing the FAA with data in regards to the 737 Max which I believe helped it reach these new highs.
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