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Watch for Transdigm Group to Potentially Pullback After Gaining 4.49% Yesterday

By Amy Schwartz

Transdigm Group (NYSE:TDG) traded in a range yesterday that spanned from a low of $349.87 to a high of $353.70. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $336.33 on volume of 62,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Transdigm Group share prices have moved between a 52-week high of $673.51 and a 52-week low of $200.06 and are now trading 76% above that low price at $351.75 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 4.7%.

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.

Keywords: rebounders transdigm group

Ticker(s): TDG