Lufthansa' stock is in a healthy bullish trend and should reach its annual highs.

The company remains low valued with an "enterprise value / sales" estimated at 0.31x for this year compared to 0.7x for the sector. As well, analysts from the Thomson Reuters consensus regularly revised upward their EPS estimates.

Technically, the bullish trend in the medium and long term should protect the security from a sharp bearish movement. In the short run, prices came back near the EUR 15.5 support, corresponding to a bullish trend line. Further, 50 and 100-day moving averages are supporting the stock and could lead it towards the EUR 17 resistance. The rebound is particularly plausible as investors showed uncertainty on the last session (20 June), while limiting the decrease below 2% compared to 3.28% for the Deutsch index (DAX).

The company has strong fundamentals. Moreover, the last slight bearish movement led the stock to an interesting buying point.
Thus, we could benefit from the current area to take a long position in Deutsche Lufthansa. Objectives will be set at EUR 17.1 and EUR 18.5 by extension. The stop loss will be triggered below EUR 15.5.