Long Position on SAIA @ $21.92 on 12/11/2012 (Momentum)

Saia, Inc. (SAIA) operates as an asset-based trucking company in the United States. The company offers regional and interregional less-than-truckload (LTL) services, and selected longer haul LTL services, along with guaranteed, expedited, and limited (TL) service solutions to a base of customers and industries across the United States, including the retail, chemical, and manufacturing industries.

As of December 31, 2011, it operated a network of 152 service facilities.  During the year ended December 31, 2011, the average Saia Motor Freight shipment weighed approximately 1,335 pounds and traveled an average distance of approximately 727 miles.

At December 31, 2011, Saia owned approximately 3,670 tractors and 10,800 trailers. In addition, Saia leased approximately 112 tractors as of December 31, 2011.

Shares have formed a bullish "Cup and Handle" and are expected to move higher out of this formation. 

52-Week Trading Range:  $12.05 - $24.35

Last Trade:  $21.92

Stop Loss:  $20.85

Target Price: $24.10

Updates

1/11/2013 4:15:40 PM

We closed the position at $23.60 as our 30-day time frame expired.

Position closed on 1/11/2013 at price of $23.60 with a 7.66% gain in 31 days.

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