The USD 63 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.

According to Surperformance© ratings, the airlines benefit from strong fundamental elements. It has an important profitability without debt, a low valuation on the market and its EPS have been revised upward over the last months.

After several trading session of horizontal movements within the mid-term range USD 68.5/82.4, the stock is coming back close to the lower limit.
Moving averages are flat and technical indicators illustrate the oversold situation.
The USD 68.5 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the USD 76.4 short-term resistance.

The stop-loss will be triggered below the USD 68.5.