The upward trend could come to support US Airways Group 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 0.43 times its sales. Also, the stock is payed only 5.40x its earnings for this year, which is an extremely low level compared to its peers.

Following a bullish wave, the stock knew a sharp decline after the court launched a judicial procedure aiming to stop the marger between US Airways and AMR (subsidiary of American Airlines). Prices are now near the USD 16.1 short-term support, also corresponding to the lower limit of the bullish channel. On this level, remobilization of buyer flows would allow the stock to rebound and come back on the USD 19.4 resistance.

The decline observed in the short term offers an interesting entry point. Investors will take advantage of the current area to buy US Airways Group. The objectives will be set at USD 17.7 and by extension USD 19.4. The stop loss will be triggered below the USD 16.13 support.