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Saia, Inc. (SAIA) operates as a transportation company in the United States. It provides regional and interregional less-than-truckload, truckload, guaranteed, expedited, and logistics services.
The company offers solutions for shipments between 100 and 10,000 pounds to its customers. As of December 31, 2012, it operated a network of 150 service facilities. In 1980, an application by the carrier to service additional southern states was approved. With that expansion, Saia became one of the premier regional less-than-truckload carriers in the United States. Today, Saia is one of the most successful LTL carriers in the United States, ranking in the top ten of carriers in the LTL sector and providing to over 34 states including Puerto Rico. SAIA's EPS Growth Rate of 175.7x is greater than 94% of its peers in the Trucking industry. The company has also shown revenue growth every year since 2009. Over the last five days, SAIA has increased by 10.88% and 22.13% over the last four weeks. The aforementioned increase has been a result of a strong earnings report and rumored expansion in the coming months.
Shares have formed a bullish "flag" following the company's better than expected earnings report. Higher share prices are expected.
52-Week Trading Range: $16.20 - $36.90
Entry Point: $35.90
Stop Loss: $34.10
Target Price: $39.49
The issue fell below our stop loss. The position was closed at $33.50
