On Thursday, Saia reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 87, up from 78 the day before. The score shows how Saia stock price behavior over the trailing 52 weeks compares to all the other stocks in our database.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score.
Decades of market research shows that the top-performing stocks often have an 80 or higher RS Rating as they launch their biggest runs.
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Can Saia Stock Form A New Pattern?
The IBD 50 stock is now considered extended and out of buy range after clearing a 259.23 buy point in a second-stage flat base. See if Saia stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Saia showed 83% EPS growth in the latest quarterly report, while sales growth came in at 30%.
Saia stock earns the No. 4 rank among its peers in the Transportation-Truck industry group. Old Dominion Freight Line and PAM Transportation Services are also among the group's highest-rated stocks.
