TransDigm Group saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 80 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 as they launch their biggest runs.
TransDigm Group has risen more than 5% past a 1,488.54 entry in a third-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
TransDigm Group reported 14% earnings growth in its most recent report. Revenue gains came in at 12%. Keep an eye out for the company's next round of numbers on or around Aug. 12.
The company earns the No. 26 rank among its peers in the Aerospace/Defense industry group. AAR Corp, Espey Mfg & Elec and GE Aerospace are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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