TUI Travel is still well oriented and is going to new highs.

From a fundamental viewpoint, the group is in a good financial situation and the company benefits from qualitative Surperformance ratings. Moreover, the company activities are in a good momentum as Sales and margins are increasing. Furthermore, analysts previsions show no deceleration in this trend and they have gradually revised upward their EPS revision for the coming years. Finally, the company has interesting valuation levels for its sector with a EV/Revenue ratio of 0.31 for 2014 estimates.

Technically, the share is in a long term bullish trend. Prices are supported by increasing moving averages on all time scales. The last acceleration phase has brought the stock near the GBp 450 level. The breakout of this resistance will be the signal of a renewal of the bullish trend.

Investors could take a buying position once prices will be above the GBp 450 resistance. The target will be set at GBp 470 corresponding to the trend line. A stop loss will be positioned under the entry point to protect from a failure of the strategy.