Long Position on SAIA @ $91.50 on 10/8/2019 (Momentum)

Saia, Inc. (SAIA) operates as a transportation company in North America.

The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services.

As of December 31, 2018, it operated a network of 166 owned and leased facilities; and owned approximately 4,834 tractors and 15,483 trailers. 

Shares have formed a bullish 'cup and handle" following the company's latest quarterly report. Higher share prices are expected for this stock.

On July 31, Saia (SAIA) reported 2nd Quarter June 2019 earnings of $1.40 per share on revenue of $464.2 million. The consensus earnings estimate was $1.32 per share on revenue of $449.1 million. Revenue grew 8.3% on a year-over-year basis.

Entry Point: $91.50

Stop Loss: $86.50

Trading Range: $52.04 - $97.59

Target Price: $100.65

Updates

10/28/2019 9:34:12 AM

SAIA closed at $104.20

Position closed on 10/28/2019 at price of $104.20 with a 13.88% gain in 20 days.

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