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Shares of Transdigm Group Rise Above Previous 52-Week High

By Nick Russo

Shares of Transdigm Group (NYSE:TDG) traded at a new 52-week high today of $496.82. This new high was reached on below average trading volume as 52,000 shares traded hands, while the average 30-day volume is approximately 319,000 shares.

Over the past year, Transdigm Group has traded in a range of $307.36 to $496.82 and is now at $496.82, 62% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

Transdigm Group (NYSE:TDG) is currently priced 28.5% above its average consensus analyst price target of $355.40. Transdigm Group shares have support at the 50-day moving average (MA) of $465.71 and additional support at the 200-day MA of $398.47.

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

SmarTrend is monitoring the recent change of momentum in Transdigm Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Transdigm Group in search of a potential trend change.

Keywords: 52 week high/lows transdigm group

Ticker(s): TDG