International Consolidated Airlnes has still an uptrend and is going toward its highest level.

Thomson Reuters’ consensus EPS estimates were upwardly revised. The majority of consensus’ opinion is at “outperform” or at “buy”. The net income is expected to rise about 40% and sales by 5% this year. Moreover, debt should sharply drop. The share has still potential to reach the consensus average price target.

Moving averages are really well oriented. The 20-day moving average supports the stock. In both daily and weekly charts we can see that the lower trend lines are relevant. Then it is very likely for the share to rise toward its GBp 598.40 long term resistance.
Investors could take a long position at current prices and target the area of this technical threshold. A stop loss should be set at GBp 581.8.