The “Chart of the Day” is TransDigm Group (TDG), which showed up on Tuesday’s Barchart “All Time High” list. TransDigm on Tuesday posted a new all-time high of $105.10 and closed up 2.32%. TrendSpotter has been Long since Jan 23 at $101.11. In recent news on the stock, TransDigm on Jan 21 announced a definitive agreement to purchase AmSafe Global Holdings for about $750 million in cash. Wedbush on Jan 18 downgraded TransDigm to Neutral from Outperform and reduced its target to $98 from $108 due to the analyst’s belief of limited upside growth in commercial aftermarket growth in 2012. RBC Capital on Jan 3 downgraded TranDigm to Outperform from a Top Pick with a target of $110 due to the firm’s new policy of allowing only one Top Pick per analyst. TransDigm Group, with a market cap of $5 billion, is a leading global supplier of highly engineered components for use on nearly all commercial and military aircraft in service today.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
