Hawaiian Holdings, Inc. : A well-established uptrend
Entry price | Target | Stop-loss | Potential |
---|
$44.98 |
$50 |
$42 |
+11.16% |
---|
Hawaiian Holdings is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The company’s fundamentals are still strong. Sales are up + 3.8% for this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at USD 2.98 and expected at USD 4.57 for 2016.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 37 short term support. This trend should allow the stock to reach the psychological threshold at USD 50.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price. A breakout of the trend line will be a bullish signal in direction of USD 50, our target price. A stop loss will be placed under the 42 USD, threshold that would invalidate this trading strategy.
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