Potential buy/long on breakout of consolidation.
Saia, Inc. provides trucking transportation to the retail, petrochemical, and manufacturing industries. The Company offers regional, interregional, and national less-than-truckload services, and selected truckload services throughout the United States.
Saia provides less-than-truckload, non-asset truckload, expedited and logistics services across the U.S. is ranked #1 in its industry by IBD
While the sector ETF AMEX:XTN is down, stocks like NASDAQ:SAIA , NYSE:XPO and NASDAQ:ODFL are all near new highs
The price is in its second base formation close of breaking out above $439.50
I'll leave a stop buy...
SAIA is a trucking company that has a good fundamentals and the stock price is undervalued. Technically from the chart, it is breakout from downtrend line with strong earning report yesterday. This is a good sign that this stock is starting to move high. I have put an initial position to go long.
Please evaluate your own risk and do your own study first.
I guess one day everyone woke up and decided to start selling SAIA.
It is now below the lower band with DMA on 80 verses 20. This signals strong selling pressure. Eventually the last seller will sell though.
Series of bearish candles on way down with some bad top wicks/shooting stars scattered at the top.
No recommendation.
Saia, Inc., through its...
Bullish on Saia
NEMF just announced they will be bankrupt soon, as SAIA is actively looking to build market share in their territory.
Saia's technical indicators are very bullish
9/10 day MA - Bullish
MACD - Bullish
I keep my speculation acct and investing acct separate. With Saia I will build a small position at $67.88
