Low-cost carrier turns on its prices on a bullish framework.

Revenues are expected to increase throughout the year. Better margins (+8%) should let the company make substantial gains as its EBITDA emerges to £701 million for only £609 million in prior period. The British airline, showing off about its edging mobile application, normally releases upbeat earnings. In 2013, enhanced performance of its core activity has being showed in the United Kingdom that rose +10.6% and the Northern Europe region with +11.6%. In addition, “Surperformance” trading rating is notably positive mainly due to the earnings quality criterion.

Technically, the stock trades within a long term bullish trend, sustained by a positive trend line. This threshold already tested by the equity should help a future upward movement within the GBp 1827 resistance as main target. Evidently, the rally will be confirmed once the GBp 1723 resistance exceeded. In weekly data, both 20 and 50-week moving averages remain well-oriented.

This technical scenario tied to strong fundamentals allows most active investors to take a long position if the stock jumps over GBp 1723. The target price being fixed at GBp 1827, a stop-loss order could be placed at GBp 1675.4.

At the publication date of the analysis, Surperformance company current editor of 4-traders.com holds a long position on Easyjet (250 shares at £16.36 at March 17th, 2014).