The USD upward trendline support, currently tested, should allow Landstar System to rally again.
From a fundamental viewpoint, the company is expected to publish better sales for 2015 according to analysts. Thanks to good margins, EPS are expected to rise about 12.3% this year. This situation led analysts to rise their EPS estimates this year, which could feed a bullish movement.
The stock, currently oversold, evolves within a downtrend in the medium term. In the short term, this trend could be reversed as it approaches the upward trendline, level from which the bullish run could start wide-range movements. This support represents a buying opportunity in the context of a foreseeable technical rebound toward USD 69.20 and by extension USD 71.35. Moreover, prices have recently drawn a "double-bottom" pattern which validate our bullish scenario.
Thanks to the technical pattern and Landstar System's strong fundamentals, active investors can take a long position on the current level. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. The goals will be fixed at USD 69.2 in a first time and then at USD 71.35. However, a bearish trend would regain the upper hand if the security crosses USD 63.8.
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. 
