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Shares of TransDigm Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of TransDigm (NYSE:TDG) traded today at $250.99, breaking its 52-week high. This new high was reached on below average trading volume as 131,000 shares traded hands, while the average 30-day volume is approximately 454,000 shares.

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.

There is potential upside of 2.9% for shares of TransDigm based on a current price of $250.10 and an 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.

Over the past year, TransDigm has traded in a range of $180.76 to $250.99 and is now at $250.10, 38% above that low. 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 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 14.9%. 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