Saia stock price closed Friday at $553

Saia stock price closed Friday at $553.41, capping a 2% weekly gain. Market strategists note that seasonal shipping trends may extend bullish sentiment well into next quarter. It is hard to get excited after looking at Saia's (NASDAQ:SAIA) recent performance, when its stock has declined 23% over the past three months. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Saia's ROE today. Investors often stay away from tracking macroeconomic data, since it can be intimidating to understand and thoroughly analyze. However, when it comes to the trucking industry, there is one that provides the most value: the Manufacturing PMI. Saia stock price hit $555.35 intraday before settling back to $552.90, indicating strong resistance at $555 point. Chart analysts foresee breakout potential if freight rates improve in coming weeks.