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The 15-minute chart for Iridium Communications has triggered a number of technical indicators that suggest the stock price may be due for a correction. The Relative Strength Index (RSI) has reached an overbought level, indicating that the stock price has risen too quickly and may be due for a pullback. Additionally, the KDJ (Keltner Channel Divergence Index) has formed a death cross, which is a bearish signal that suggests the momentum of the stock price is shifting towards the downside. This combination of indicators suggests that the stock price may be due to decrease further.
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