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

By James Quinn

Today, shares of Transdigm Group (NYSE:TDG) have fallen below their 10-day MA of $271.77 on a volume of 132K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Transdigm Group share prices have been bracketed by a low of $203.72 and a high of $295.00 and are now at $261.54, 28% above that low price. Over the past week, 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 Group on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $230.97. Since that recommendation, shares of Transdigm Group have risen 19.7%. 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