Shares of Saia Under Pressure, Down 1.9%

Published on Fri, 05/18/2012 - 12:03
By Adrienne Chilton in Market movers, SAIA, market movers, nasdaq:saia, saia

Saia (NASDAQ:SAIA) is one of today's notable stocks in decline, down 1.9% to $18.96. The Dow Jones Industrial Average is now trading fractionally higher to 12,444 and the S&P is trading fractionally higher to 1,306.

Saia, Inc. provides trucking transportation to the retail, petrochemical, and manufacturing industries. The Company offers regional, interregional, and national less-than-truckload services, and selected truckload services across the United States.

Saia share prices have moved between a 52-week high of $21.29 and a 52-week low of $9.27 and are now trading 105% above that low price at $18.96 per share. The 200-day and 50-day moving averages have moved 0.72% higher and 1.99% higher over the past week, respectively.

There is potential upside of 32.9% for shares of Saia based on a current price of $18.96 and an average consensus analyst price target of $25.20. The stock should find initial support at its 50-day moving average (MA) of $17.94 and further support at its 200-day MA of $14.33.

By Adrienne Chilton
achilton@fnno.com
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