In the past few sessions, Hawaiian Holdings shares have suffered from a sharp fall and is now coming back to significant support in daily data.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts financial statements better-than-expected as in 2013, and the enterprise valuation correspond to its visibility (P/E ratio of 9.5x and VE/sales ratio at 0.55x). Moreover, brokers have lately revised upward their EPS forecast for the current and the next year.

Hawaiian Holdings is oversold and near to USD 12.7. This situation gives credit to a potential technical rebound due to the strong pertinence of the current level. Thus, the stock could find new energy and would rise towards the next USD 14.4 resistance and the USD 15.25.

Thanks to the technical pattern and Hawaiian Holdings' strong fundamentals, active investors can open long positions above USD 13.25. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The target will be fixed at USD 14.4 and 15.25 in a prior time and then at USD 16.3.
However, a bearish trend would regain the upper hand if the security crosses USD 12.7.