Saia Picking Up Steam

In rough markets it is usually hard to find stocks making positive moves; however, if you can manage to blow past analyst’s expectations, then you are moving in the right step forward.

It might seem weird looking at a trucking company, but when markets are bad sometimes it is not how well you are doing but how bad you are not. SAIA Inc (SAIA) just had their earnings report and exceeded analyst expectations. Other positives that came out of the call were their focus on streamlining operations and most importantly their debt stays manageable.

The stock itself has made some movement higher from its 52 week low, and seems to have possibly broken into an strong uptrend.

There is some resistance around the $12.50 level, but if SAIA can manage to get by, then there is pretty much clear sailing all the way up $20. Depending on how fast the stock can get passed that resistance level, I would give it about a 4-5 month time frame.