In the past few sessions, Trueblue shares have suffered from a sharp fall and has rebounded now on a significant level support.
From a fundamental viewpoint, the security is cheap with a P/E Ratio of 19.04x for 2014 and 15.39x for 2015.
Besides, EV/Sales is low with a ratio at 0.47x for this year.
Currently the stock is oversold and, in the mid-term, is trading in a neutral trend. Trueblue should be able to confirm its increase in the next trading sessions after the crossing of the USD 27.2. The double-bottom configuration on the USD 25.6 seems powerful and should help to reach the USD 28.6.
Therefore, the proximity of the USD 25.55 support is an opportunity to go long on Trueblue. The first goal is a return in the USD 28.6 resistance area, meaning a potential of 7.4%. In fact, the security has to cross this area in order to re-establish a bullish trend in the mid term. A stop loss order can be placed under the support currently tested.
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. 
