The upward trend could come to support TUI Travel in the coming sessions.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.28 times its sales. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of GBp 23.61 per share for the current year.

TUI Travel is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase which led them on a bullish trend line and not so far from the 100-day moving average. Thus, we expect the stock to bounce, in the coming trading sessions.

In this configuration, investors could take a buy order on this level to aim GBp 383.7 and get a good entry point with a stop below the medium term support.