The upward trend could spur Forward Air Corporation in coming sessions.

The group enjoys strong fundamentals. Indeed, according to the consensus made by Thomson Reuters analysts, sales are expected to grow for the current fiscal year to USD 787 million from 652 million registered in the previous year. Better figures are expected with sales reaching 1 billion by 2016. The group also benefits from an interesting profitability and upward revisions have been made in earnings per share and growth prospects.

Forward Air Corporation is in an uptrend in the medium and long term, although, the last bearish movement has thrown it back near a major support level. This is an interesting level to engage a long position aiming for a rebound towards USD 48.9 as most of moving averages are still well oriented and support the price progression.

Consequently, investor shall open long positions close to USD 44.9 with a goal fixed at USD 48.9. A stop-loss order will be placed under the support.