The USD 23.5 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
From a fundamental viewpoint, the security is cheap with a P/E Ratio of 12.85x for 2016. Besides, EV/Sales is low with a ratio at 0.4x for this year.
Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the USD 23.5 area should stop this trend and allow a technical rebound towards USD 26.5 resistance.
Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.
In consequence, investors should buy the stock in the current price area with the USD 26.5 as a target. The stop-loss will be placed at USD 22.7.
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. 
