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Transdigm Group Crosses Below its 10-day MA (TDG)

By Amy Schwartz

Today, shares of Transdigm Group (NYSE:TDG) have crossed bearishly below their 10-day moving average of $340.58 on a volume of 154K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Transdigm Group has traded in a range of $249.57 to $346.51 and is now at $337.18, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.7%.

SmarTrend recommended that subscribers consider buying shares of Transdigm Group on March 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $309.36. Since that recommendation, shares of Transdigm Group have risen 10.6%. We continue to monitor TDG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses transdigm group

Ticker(s): TDG