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Bearish Moving Average Cross by TransDigm (TDG)

By Amy Schwartz

Today, shares of TransDigm (NYSE:TDG) have fallen below their 10-day MA of $269.47 on a volume of 203K 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.

In the past 52 weeks, TransDigm share prices have been bracketed by a low of $180.76 and a high of $294.38 and are now at $265.48, 47% above that low price. Over the last five market days, 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 April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $230.97. Since that recommendation, shares of TransDigm have risen 16.9%. 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