TransDigm (TDG) Loses 7.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Group 1 - TransDigm Group (TDG) has experienced significant selling pressure, resulting in a 7.4% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The Relative Strength Index (RSI) for TDG is currently at 29.92, indicating that the stock may be oversold and could be poised for a rebound as selling pressure exhausts [5] - Over the last 30 days, the consensus EPS estimate for TDG has increased by 0.3%, suggesting a positive trend in earnings estimates that typically correlates with price appreciation [7] Group 2 - TDG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]