Trueblue, a leading provider of blue-collar staffing, could reach its USD 25.7 long term resistance.
The company’s fundamentals are still strong. Sales increased by 18.3% in one year. Analysts from Thomson Reuters consensus have adjusted largely upward their EPS estimates.
From a technical viewpoint, the security is trading in a bullish trend in all time scales. Increasing moving averages let think there will be no reversal in the coming trading sessions.
For active investors, it is opportune to take a long position at the current price, in order to benefit from a new bullish acceleration towards USD 25.7. A stop loss will be fixed below the short term support, at USD 21.28.
TrueBlue, Inc. is a provider of specialized workforce solutions. It operates through three segments: PeopleReady, PeopleScout and PeopleManagement. The PeopleReady segment provides on-demand and skilled labor in a range of industries, such as construction, transportation, manufacturing, retail, hospitality, and renewable energy. The PeopleScout segment provides permanent employee recruitment process outsourcing, employer branding services and management of outsourced labor service providers through the operating segments: PeopleScout Recruitment Process Outsourcing (RPO), which outsources recruitment of permanent employees on behalf of clients and employer branding services; and PeopleScout managed service provider (MSP), which manages multiple third-party staffing vendors on behalf of clients. It also provides talent advisory solutions. The PeopleManagement segment offers contingent, on-site industrial staffing and commercial driver services primarily on-site at the clientâs facility.
TRUEBLUE, INC. 
