Hawaiian Holdings, I
HA
Delayed Nasdaq - 12/15 10:00:00 pm
40.05USD
+1.91%

A trend reversal can be anticipated

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David Meurisse
Contributor / Partner

Strategy published on : 12/07/2017 | 16:50

long trade
Live

Entry price : 41.2$
Target : 56.4$
Stop-loss : 38.9$
Potential : 36.89%

Shares in Hawaiian Holdings, Inc. reflect an interesting technical chart pattern allowing for a bet on a reversal of the medium term trend.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 32.85 support.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 41.6.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

● Analysts covering the stock have recently lowered their earnings forecast.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 41.6 USD

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