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Watch for Transdigm Group to Potentially Pullback After Gaining 3.34% Yesterday

By Shiri Gupta

Transdigm Group (NYSE:TDG) traded in a range yesterday that spanned from a low of $312.63 to a high of $319.65. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $311.70 on volume of 162,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Transdigm Group and will alert subscribers who have TDG in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Transdigm Group has traded in a range of $203.72 to $321.38 and is now at $319.14, 57% 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.

Keywords: rebounders transdigm group

Ticker(s): TDG