In a welcome move, TransDigm Group saw its Relative Strength Rating improve from 68 to 72 on Wednesday.
Can You Really Time The Stock Market?
This proprietary 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 shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if TransDigm Group can continue to show renewed price strength and hit that benchmark.
TransDigm Group is working on a consolidation with a 1,414.85 buy point. See if the stock can break out in heavy volume. Be aware that it's a -stage base. Later-stage patterns can work, but have a higher failure rate since, by that point, the stock has already made a significant climb..
The company posted 7% EPS growth in the latest quarterly report. Revenue rose 9%.
TransDigm Group holds the No. 33 rank among its peers in the Aerospace/Defense industry group. Karman Holdings, GE Aerospace and Espey Mfg & Elec 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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