So IRDM is up 11.5% on 3x the volume - not too shabby
This is pretty darn impressive - you would wonder what would happen if they actually beat the estimates. Looks like we got us some new smart money in IRDM today folks. Welcome!!! In a perfect world, I would like to see the stock consolidate here for a few days. RSI (Relative Strength Index) is at 68 at close today - very close to overbought signal (=70). RSI is a technical measure that I watch every now & then. Nothing to write home about but nice to watch as it has some merit (most of the time). IRDM still a value stock story driven by fundamentals IMO. It might give up some gains tomorrow but hoping that this uptrend is the new normal
Just in case you are interested:
RSI = 100 - 100/(1 + RS)
RS = Average of x days' up closes / Average of x days' down closes.