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TransDigm Set to Possibly Pullback After Yesterday's Rally of 2.98%

By Nick Russo

TransDigm (NYSE:TDG) traded in a range yesterday that spanned from a low of $247.87 to a high of $258.93. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $250.61 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, TransDigm has traded in a range of $180.76 to $294.38 and is now at $256.90, 42% above that low. 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 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 have risen 7.3%. We continue to monitor TDG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders transdigm

Ticker(s): TDG