Wabash National Corporation’s share price was heavily penalized and is now in an oversold situation near to a solid support area.

From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales of 0.47. In the recent months, the earnings estimates for the next year are regularly revised upward by analysts.

With an EPS estimated at USD 1.31 for this year and USD 1.36 for the next year, Wabash National is currently paid 9.22 and 8.88 times the results.

The current technical situation gives credit to a potential technical rebound due to the test of the USD 11.7 support and a double bottom on it. Thus, the stock could find new energy and would rise towards the next USD 11.7 resistance.

So as to make the most of a potential technical rebound of Wabash National, it seems opportune to open a long position at the current price. A confirmation of this pattern would enable the security to reach the USD 13.5 resistance, with a potential gain of around 11%. Investors should not insist under USD 11.7 and are better of placing a stop loss order under this threshold.