TransDigm Group saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 68 to 71.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if TransDigm Group can continue to show renewed price strength and hit that benchmark.
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TransDigm Group is building a flat base with a 1,424.68 buy point. See if the stock can clear the breakout price in heavy trade. It's a later-stage pattern, and investors should be aware that those involve more risk.
While the company's bottom line growth fell last quarter from 24% to 22%, revenue grew 18%, up from 17% in the previous report.
TransDigm Group holds the No. 25 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Espey Mfg & Elec and Embraer ADR are among the top 5 highly rated stocks within the group.
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