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Watch for Continued Gains in Shares of TransDigm (TDG)

By Amy Schwartz

Shares of TransDigm (NYSE:TDG) traded today at $265.87, breaking its 52-week high. Approximately 607,000 shares have changed hands today, as compared to an average 30-day volume of 454,000 shares.

TransDigm (NYSE:TDG) defies analysts with a current price ($263.68) 2.4% above its average consensus 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.

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 $265.87 and are now at $263.68, 46% 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.

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 18.2%. 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