Nov. 14 at 4:15 AM
$SAIA is currently trading at
$271.98, below both the 30-day moving average (MA30) of
$294.05 and the 50-day moving average (MA50) of
$299.03, indicating a bearish trend. The RSI at 39.63 suggests the stock is approaching oversold territory, which may lead to a potential reversal. The recent high of
$330.00 and low of
$266.08 indicate a range-bound market, with current price near the lower end of this range.
For a trade plan, consider entering a long position if the price rebounds above
$275, which could signal a reversal. Set a stop loss at
$265 to minimize risk. Target 1 could be set at
$290, aligning with the MA30, and Target 2 at
$300, near the MA50. This plan allows for a risk-reward ratio that capitalizes on potential upward movement while managing downside risk.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
