The Relative Strength (RS) Rating for TransDigm Group moved up into a higher percentile Thursday, as it got a lift from 66 to 71.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest price moves. See if TransDigm Group can continue to rebound and hit that benchmark.
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TransDigm Group is working on a flat base with a 1,424.68 buy point. See if it can clear the breakout price in heavy trading. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
TransDigm Group showed 9% EPS growth in its most recent report, while sales growth came in at 12%.
The company holds the No. 26 rank among its peers in the Aerospace/Defense industry group. Embraer ADR, Howmet Aerospace and OSI Systems are among the top 5 highly rated stocks within the group.
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