On Thursday, TransDigm Group earned an upgrade to its Relative Strength (RS) Rating, from 65 to 73.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their biggest runs. See if TransDigm Group can continue to show renewed price strength and clear that threshold.
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TransDigm Group is working on a flat base with a 1,424.68 entry. See if it can clear the breakout price in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those involve more risk.
Earnings growth declined in the most recent quarter from 24% to 22%. But revenue gains moved higher, from 17% to 18%.
The company earns the No. 33 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Heico Corp and Heico Cl A are among the top 5 highly rated stocks within the group.
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