Forward Air Corporation comes back upon contact with important technical level that might give impetus to a rebound.

The group has a strong growth potential. Indeed, according to Thomson Reuters consensus, sales are expected to sharply increase about 45% in a 2016 horizon.
The EV/Sales ratio is showing a correct valuation and recent upward revisions (for EPS and Revenues) are giving more arguments.

In the short term, the bearish trend has known a weakening close to the USD 41.75 (mid-term support and upward trend-line). A new bullish trend is forming in this level and should help to reach soon the next resistance at USD 44.4.

Investors can take a long position near the USD 41.75 area. In the first instance, the target price will be the USD 44.4. In case of breakdown of the USD 41.75 support at the closing price, investors should close their positions.