The equity follows a strong bullish trend which should continue when crossing USD 30.5.
The fundamentals of the company are strong. Surperformance ratings bring to light qualities in terms of growth, valuation and upward revisions. Revenues should grow by 19%, reaching 2 billion dollars. Recently, analysts have significantly increased their sales estimates, proving the good dynamic of the activity. The consensus is buyer with an 11% potential considering the average target price at USD 33.7.
Technically, the security should soon cross the USD 30.5 resistance. Indeed, the stock is moving in an upward trend in the short term, supported by increasing moving averages. However, as investors could engaged in some profit taking on this level, interested investors should wait for the crossing of USD 30.5 to go long on Trueblue.
Due to the technical configuration and the strong fundamentals of the company, investors can take a long position above USD 30.5. The target will then be USD 33 corresponding to the long term resistance. Nonetheless, a stop loss will be placed under the entry points in case of failure of the bullish overflow.
TrueBlue, Inc. is a provider of specialized workforce solutions. It operates through three segments: PeopleReady, PeopleScout and PeopleManagement. The PeopleReady segment provides on-demand and skilled labor in a range of industries, such as construction, transportation, manufacturing, retail, hospitality, and renewable energy. The PeopleScout segment provides permanent employee recruitment process outsourcing, employer branding services and management of outsourced labor service providers through the operating segments: PeopleScout Recruitment Process Outsourcing (RPO), which outsources recruitment of permanent employees on behalf of clients and employer branding services; and PeopleScout managed service provider (MSP), which manages multiple third-party staffing vendors on behalf of clients. It also provides talent advisory solutions. The PeopleManagement segment offers contingent, on-site industrial staffing and commercial driver services primarily on-site at the clientâs facility.
TRUEBLUE, INC. 
