TransDigm Group had its Relative Strength (RS) Rating upgraded from 80 to 84 Thursday.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of at least 80 as they launch their biggest price moves.
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TransDigm Group is trying to complete a consolidation with a 1,424.68 buy point. See if it can break out in heavy volume. It's a later-stage pattern, and investors should be aware that those are less likely to work.
TransDigm Group reported 9% earnings growth in its most recent report. Revenue increased 12%.
The company earns the No. 24 rank among its peers in the Aerospace/Defense industry group. Elbit Systems, Heico and Heico Cl A 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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