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Allison Transmission Holdings (ALSN) manufactures, and sells commercial and defense automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles.
It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy and mining off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
The company offers 13 transmission product lines with approximately 100 different product models. It markets its transmissions under Allison Transmission brand name and remanufactured transmissions under ReTran brand name. The company also sells branded replacement parts, support equipment, and other products necessary to service the installed base of vehicles utilizing its transmissions, as well as defense kits, engineering services, and extended transmission coverage services to various original equipment manufacturers, distributors, and the U.S. government.
In addition, it designs and manufactures hybrid-propulsion systems for transit buses. Allison Transmission Holdings serves customers through an independent network of approximately 1,400 independent distributor and dealer locations worldwide.
Shares have formed a bullish "cup and handle." The right hand side of the formation appears to be nearing completion. Higher share prices are expected for this stock.
52-Week Trading Range: $21.95 - $31.42
Entry Point: $31.00
Stop Loss: $29.45
Target Price: $34.10
We are closing the ALSN position after it failed to reach our target in 30 days or less. Closed at $31.03.
