Copa Holdings could exceed the symbolic threshold of USD 138.1.

Regarding the fundamentals, the profitability of the company is encouraging with a net margin of 15.9% for this year and a return on equity ratio of 24.4%. Sales growth are expanding over years and are estimated at 2.6 billion for 2013. Financial situation is healthy with a leverage ratio decreasing at 0.62x.

Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the short-term resistance located at USD 138.10 and seems able to breakout soon. This crossing would provide a strong buy signal.

Taking into account all these elements, investors could buy the stock at the current price. The target price is set above the USD 138.10, near the bullish trend line at USD 141. A stop loss will be fixed below the USD 129.60 short term pivot point, threshold that would invalidate the strategy.