Ryder System, comes back upon contact with important technical level that might give impetus to a rebound.
From a fundamental viewpoint, the company is expected to publish good sales for 2015, and, thanks to good margins to release an EPS about USD 5.49, which correspond to a rise of 21.2% compared to 2013. Analysts are also really confidante and are regularly revising upward their Target Prices, established today at USD 105.33.
In the short term, the bearish trend has known a weakening close to the USD 86.4 mid-term support. A new bullish trend is forming toward 20 day moving average at USD 90.8, level which coincide with the short term pivot point at USD 90.95. Investors could cut a part of their positions on the USD 90.95 level and keep the rest in order to reach the USD 95.5 resistance.
As a result, active investors can take immediately a long position in Ryder System thanks to the close proximity of the USD 86.4 support area. The target price is USD 90.95 and in case of breakout of this level, the second target price would be the USD 95.5. If there is a breakdown of the USD 86.4 support, investors should close their positions.
Ryder System, Inc. is a provider of outsourced logistics and transportation services. The Company provides supply chain, dedicated transportation, and commercial fleet management solutions. It operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing that includes its contractual maintenance offering, commercial rental and maintenance services of trucks, tractors and trailers to customers principally in the United States (U.S.) and Canada; Supply Chain Solutions (SCS), which provides fully integrated port-to-door logistics solutions, including distribution management, dedicated transportation, transportation management, freight brokerage, e-commerce fulfillment, last-mile delivery, contract packaging, and contract manufacturing in North America, and Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.
RYDER SYSTEM, INC. 
