TransDigm Group had its Relative Strength (RS) Rating upgraded from 79 to 82 Tuesday.
Risk Management In The Stock Market: How Much Money To Invest Now
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the best-performing stocks typically have an RS Rating north of 80 as they begin their biggest runs.
TransDigm Group is now considered extended and out of buy range after clearing a 1,488.54 buy point in a third-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
TransDigm Group reported 14% earnings growth in the latest quarterly report, while sales growth came in at 12%. The company is expected to report its latest results on or around Aug. 12.
TransDigm Group holds the No. 23 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.
RELATED:
Defense And Aerospace Stocks To Watch And Industry News
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
