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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  WestJet Airlines Ltd.    WJA   CA9604105044

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WestJet Airlines Ltd. : The bullish trend is not over

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11/15/2012 | 03:54pm
Opinion : Bullish above CAD 18.6
Target price : CAD 22.3
Stop loss: CAD 15.9
TORONTO STOCK EXCHANGE
Airlines

WestJet Airlines Ltd. could reach its CAD 22.3 resistance.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.86 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the CAD 22.3 long term resistance.

In consequence, investors can take a long position in WestJet Airlines company with a first target price at CAD 22.3. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at CAD 17.81.

WestJet Airlines Ltd. : WestJet Airlines Ltd. : The bullish trend is not over

© Zonebourse.com 2012
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Financials ( CAD)
Sales 2016 4 093 M
EBIT 2016 457 M
Net income 2016 294 M
Debt 2016 1 170 M
Yield 2016 2,48%
P/E ratio 2016 9,53
P/E ratio 2017 9,31
EV / Sales 2016 0,96x
EV / Sales 2017 0,74x
Capitalization 2 771 M
More Financials
Chart WESTJET AIRLINES LTD.
Duration : Period : Day
WestJet Airlines Ltd. Technical Analysis Chart | WJA | CA9604105044 | 4-Traders
Duration : Period : Week
WestJet Airlines Ltd. Technical Analysis Chart | WJA | CA9604105044 | 4-Traders
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