Pull Back Fishing

NASDAQ:SAIA   Saia, Inc.
I guess one day everyone woke up and decided to start selling SAIA.

It is now below the lower band with DMA on 80 verses 20. This signals strong selling pressure. Eventually the last seller will sell though.

Series of bearish candles on way down with some bad top wicks/shooting stars scattered at the top.

No recommendation.

Saia, Inc., through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2020, it operated 174 owned and leased facilities; and owned approximately 5,700 tractors and 17,400 trailers. The company was formerly known as SCS Transportation, Inc. and changed its name to Saia, Inc. in July 2006. Saia, Inc. was founded in 1924 and is headquartered in Johns Creek, Georgia.

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