Deutsche Lufthansa is trading in a bullish trend and several elements argue for the continuation of this trend.

The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at EUR 2.16.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.

In this context, a pullback on the EUR 15.6 support would be an opportunity to take a long position to target EUR 16.55. A stop loss will be set beneath EUR 15.1