Hawaiian Holdings, Inc. : A well-established uptrend
By Sébastien Gatel
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$34.98 | $40 | $34 | +14.35% |
The company has strong fundamentals. First of all, the company shows an undervaluation compared to other shares in this sector. Indeed, the ratio EV/sales is estimated at 1.02 by the Thomson Reuters consensus for the current year. Moreover, operators have revised upward forecasts earnings per share. The latter increased from USD 1.10 to USD 3.04 estimates for 2015, that is to say an expected increase of 63%.
Technically, indicators are green. Indeed, the company Hawaiian Holdings is experiencing a recent bullish acceleration (more than 45% growth). The share is also supported by the strong bullish moving averages orientation.
Therefore, it seems appropriate to open a long trade on the breakout of its highs at USD 35.6. The main objective will be set at USD 40 (representing a potential gain of 10%). A stop-loss will nevertheless be placed under USD 34, threshold that would invalidate this bullish strategy.