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Transdigm Group Set to Possibly Rebound After Yesterday's Selloff of 4.90%

By James Quinn

Transdigm Group (NYSE:TDG) traded in a range yesterday that spanned from a low of $508.61 to a high of $516.00. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $535.79 on volume of 98,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Transdigm Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Transdigm Group in search of a potential trend change.

In the past 52 weeks, shares of Transdigm Group have traded between a low of $307.36 and a high of $555.27 and are now at $513.70, which is 67% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.

Keywords: rebounders transdigm group

Ticker(s): TDG