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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Saia Shows Rising Price Performance With Jump To 82 RS Rating

On Tuesday, Saia got a positive adjustment to its Relative Strength (RS) Rating, from 74 to 82.

This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.

History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.

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Saia is now considered extended and out of buy range after clearing a 443.85 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

The company posted -6% EPS growth last quarter, while sales growth came in at 9%.

The company earns the No. 2 rank among its peers in the Transportation-Truck industry group. Universal Logistics is the No. 1-ranked stock within the group.

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