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Bearish Moving Average Cross by TransDigm (TDG)

By James Quinn

Today, shares of TransDigm (NYSE:TDG) have crossed bearishly below their 10-day moving average of $277.61 on a volume of 125K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, TransDigm has traded in a range of $180.76 to $294.38 and is now at $257.82, 43% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of TransDigm on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $216.60. Since that recommendation, shares of TransDigm have risen 30.0%. We continue to monitor TDG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses transdigm

Ticker(s): TDG