The USD 49 is now tested and might facilitate a bullish technical reaction.
From a fundamental viewpoint, with a "entreprise value to sales" ratio for this financial year at 0.81x, the company seems undervalued. In the recent months the earnings estimates for the next year is regularly revised upwards by analysts covering the entreprise, from USD 2.6 in January to USD 2.8 in June.
The stock follows a downtrend in the short term under the USD 52.6 resistance area. The beginning of a technical rebound combined with an oversold condition have limited the fall.
A bullish reaction may be anticipated to target a return to USD 52.6.
Therefore, we may consider this configuration as an opportunity to buy Landstar System's share. We will aim a target price of USD 52.6. It is a potential gain of 6 %. We should cover the position with a stop loss order under USD 49.
Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions delivering specialized transportation services to a range of customers utilizing a network of agents, third-party capacity providers and employees. The Company operates through two segments. Transportation logistics segment provides a range of integrated transportation management solutions. Transportation services offered by the Company include truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, United States-Canada and United States-Mexico cross-border, intra-Mexico, intra-Canada, project cargo and customs brokerage. Insurance segment consists of Signature Insurance Company and Risk Management Claim Services, Inc. The insurance segment provides risk and claims management services to certain of Landstars Operating Subsidiaries.
LANDSTAR SYSTEM, INC. 
