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Recent 52-Week High Exceeded in Shares of TransDigm (TDG)

By Nick Russo

TransDigm (NYSE:TDG) traded at a new 52-week high today of $256.63. Approximately 51,000 shares have changed hands today, as compared to an average 30-day volume of 454,000 shares.

TransDigm has overhead space with shares priced $254.65, or 1.1% below the average consensus analyst price target of $257.45. TransDigm shares have support at the 200-day moving average (MA) of $224.13 and additional support at the 50-day MA of $223.06.

TransDigm share prices have moved between a 52-week high of $256.63 and a 52-week low of $180.76 and are now trading 41% above that low price at $254.65 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

TransDigm Group, Inc., through subsidiaries, manufactures aircraft components. The Company produces ignition systems and components, gear pumps, mechanical/electromechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking devices, engineered connectors and latches, cockpit security devices, and AC/DC electric motors.

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 17.6%. We continue to monitor TDG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows transdigm

Ticker(s): TDG