• Return to Headlines

TransDigm Bullish Moving Average Crossover Alert (TDG)

By Shiri Gupta

TransDigm (NYSE:TDG) shares have crossed bullishly above their 10-day moving average of $229.32 on a volume of 859K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, TransDigm has traded in a range of $180.76 to $249.84 and is now at $247.11, 37% 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 4.2%. 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