Iridium: red first week, trend still strong
Iridium drops 6.9% as sellers dominate the last session
Iridium: red first week, trend still strong
Our view last week
Iridium Communications gets a fresh buy signal, ranked 1st among the 10 fresh Longs in our US stock ranking, with a signal strength of 76 out of 100. The picture is powerful, but price is hugging its all-time highs: the quality band flags the opening as high-risk, and the stock still deserves a week-by-week follow.
This week's summary
Iridium closed its first week since entry with a 6.9% drop, after the surge that made it last week's strongest fresh buy signal. Sellers took clear control on the last bar, and price now works in a tight band between the daily pivot average just above and its moving average just below. Signal strength holds high, at 74 out of 100: here it speaks to size and volatility, and this technical analysis setup calls for discipline.
IQS Phase
70
in tension
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#25 / 129
US stocks in progress
Trade P&L %
-6.87%
from signal to today
restricted Platinum content