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Watch for Continued Gains in Shares of TransDigm (TDG)

By James Quinn

TransDigm (NYSE:TDG) traded today at a new 52-week high of $288.71. This new high was reached on below average trading volume as 209,000 shares traded hands, while the average 30-day volume is approximately 454,000 shares.

TransDigm share prices have moved between a 52-week high of $288.71 and a 52-week low of $180.76 and are now trading 59% above that low price at $286.80 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

TransDigm (NYSE:TDG) is currently priced 10.2% above its 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.

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.

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 32.5%. 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