WestJet Airlines Ltd. provides airline service and travel packages. The company offers scheduled service throughout its 71-city North American and Caribbean network. As of December 31, 2011, the Company had 43 aircraft under operating leases. WestJet's fleet includes the Boeing Next-Generation 737-600, 737-700 and 737-800.

Since the beginning of this year, WestJet is performing well. Its success mainly comes from a competent management, led by Gregg Saretsky, CEO since 2010. The company is undervalued. It is currently trading 11.6 times its EPS estimated for 2012. It has an EV/EBITDA ratio of 4.82x. Furthermore, analysts regularly revise upward their EPS estimates since January: EPS is expected to double in 2014. WestJet can also benefit from the decline of AirCanada.

From a technical viewpoint, all moving averages are increasing sharply. The security is in a strong uptrend. On Friday, it brokes a significant resistance level. In fact, the CAD 15.9 resistance was tested several times and WestJet crossed it. It is a bullish signal and the stock is currently at its best level since the financial crisis.

Therefore, investors should take a long position immediately. The target area is USD 18. A fall under USD 15 would invalidate the trading strategy.