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TransDigm: The Winning Streak Continues (TDG)

By Shiri Gupta

Shares of TransDigm (NYSE:TDG) traded today at $245.45, breaking its 52-week high. This new high was reached on above average trading volume as 716,000 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.

In the past 52 weeks, TransDigm share prices have been bracketed by a low of $180.76 and a high of $245.45 and are now at $244.95, 36% above that low price. The 200-day and 50-day moving averages have moved 0.05% lower and 0.57% higher over the past week, respectively.

There is potential upside of 5.1% for shares of TransDigm based on a current price of $244.95 and an average consensus analyst price target of $257.45. The stock should discover initial support at its 200-day moving average (MA) of $224.13 and subsequent support at its 50-day MA of $223.06.

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: 52 week high/lows transdigm

Ticker(s): TDG