Delta Air Lines is back on its support area and this is a strategic entry point.

From a fundamental viewpoint, the security has a low valuation with an EV/Sales ratio of 0.88x. Sales are also expected to increase and PER for 2016 is estimated at 6.25 and at 6.25 for 2017.

From a technical viewpoint, in long term, the security is trading between USD USD 40/52.25. The latest downtrend pushed the security upon contact with important levels. These supports, respectively at USD 40 and USD 41.37, could stop the bearish trend of these last days.

As a result, active investors can take a long position in Delta Air Lines, thanks to the close proximity of the USD 41.37 support area. The target price is USD 46.8 and in case of breakout of this level, the second target price would be USD 52.26. If there is a breakdown of the USD 39, investors should close their positions.