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Saia Inc (SAIA) Showing Bearish Technicals With Support At $60.77

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Saia Inc (<a href="http://www.marketintelligencecenter.com/symbol/SAIA">SAIA</a>). Look at the Jun 15, 2018 $60 covered call for a net debit in the $55 area.<br /> <br /> This trade has a duration of 217 days. The break-even point of this trade is the same as the net debit, which gives this trade 11.14% downside protection. If the stock closes at or above $60 at expiration this trade will return 9.09% or 15.29% (for comparison purposes only). <br /> <br /> SAIA closed Nov 9, 2017's trading session at $61.90. In the past year, the stock has hit a 52-week low of $39.15 and 52-week high of $67.35. Saia Inc stock has been showing support around $60.77 and resistance in the $63.27 range. Recent technical indicators for the stock are bearish.

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