Transdigm has established an upward channel after a run which actually resembles a bull flag on higher timeframes. For now, this move will be a short term gainer. If this plays out, it could also possibly invalidate the higher timeframe bull flag and simple be moving up a bullish channel.
Transdigm has had a pattern last 2 years of a midterm fall between Q3 and...
TDG was in a 7 week long consolidation and broke out Friday. However, volume was right around average at only an 8% increase of the 50 day average volume
NYSE:TDG
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. The Airframe segment includes operations that primarily develop and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, engineered latching and locking devices, and seat belts and safety restraints.
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TDG
