8 Stocks Rising on Monster Volume
Saia (SAIA) is an asset-based trucking company that provides a variety of transportation and supply chain solutions to a range of industries, including the retail, chemical and manufacturing industries. This stock is trading up 6.6% at $17.92 in recent trading.
Today's Volume: 323,000Average Volume: 102,348 Volume % Change: 416% Shares of SAIA are ripping higher today after the company reported 34 cents of earnings per share on an 11% increase in revenue for the first-quarter at $269 million. >>7 Hot Stocks on Traders' Radars From a technical perspective, SAIA is gapping up sharply here back above its 50-day moving average of $16.88 on above average volume. This move is pushing the stock within range of a triggering a major breakout trade. That trade will hit once SAIA takes out some near-term overhead resistance levels at $18.37 with high-volume. At last check, SAIA has hit an intraday high of $18.45 and volume is well above its average action. Traders should now look for long-biased trades if SAIA can move or close above $18.37 with volume that's near or well above 102,348 shares. If we get that action soon, look for SAIA to tag $20 rather quickly.
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