Technical patterns and qualitative fundamentals enable to point new highs.
The company benefits from qualitative fundamentals. Analysts regularly revise upwards their sales and EPS estimates for the two coming years. Indeed, EPS should reach USD 2.98 in 2014 and USD 3.40 in 2015. Its financial situation is healthy, with positive finance and good profitability. Moreover, the EV/Sales ratio at 0.96x for 2014 demonstrate the stock's attractiveness for investors.
Technically, Landstar System got into oversold territory after the return close to the USD 63.5 support, which led to a rebound movement towards the USD 68.4 resistance. Prices are supported by the good orientation of moving averages, particularly the 20-hours one. The stock is now traded near its resistance and the crossing of this threshold will be a bullish signal to target the long term resistance at USD 73.5.
Therefore, investors could take a long position once the USD 68.4 resistance is clearly crossed. The target will be the long term resistance of USD 73.5, and a stop loss will be placed under the 20-day moving average, protecting from a bearish movement.
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. 
