The Relative Strength (RS) Rating for Saia moved into a higher percentile Monday, as it got a lift from 70 to 75.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Saia can continue to show renewed price strength and hit that benchmark.
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Saia is trying to complete a cup with handle with a 624.55 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Be aware that it's a third-stage base. Such patterns can work and do sometimes launch nice runs, but they're more likely to fail than earlier-stage consolidations.
The company reported -6% earnings growth in its most recent report. Revenue increased 9%. Look for the next report on or around Feb. 3.
The company holds 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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