Triumph Group TGI Surpassed earning and Volume doubled its 30D Avg.
Will the strength continue into higher targets? This is my view on a Weekly chart so it could take time to chop its way into the profit targets. The last time it was above 25 was in 2006-2007. It climbed 75% that year. Can TGI reach those heights again in a years time? The positive gap up makes me think that the other Aerospace & Defense could also follow its lead in the sector.
Will the strength continue into higher targets? This is my view on a Weekly chart so it could take time to chop its way into the profit targets. The last time it was above 25 was in 2006-2007. It climbed 75% that year. Can TGI reach those heights again in a years time? The positive gap up makes me think that the other Aerospace & Defense could also follow its lead in the sector.
Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.