Fastenal (FAST) Offering Possible 5.77% Return Over the Next 27 Calendar Days

Fastenal's most recent trend suggests a bearish bias. One trading opportunity on Fastenal is a Bear Call Spread using a strike $47.00 short call and a strike $52.50 long call offers a potential 5.77% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $47.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $5.20 would be incurred if the stock rose above the $52.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Fastenal is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Fastenal is bearish.

The RSI indicator is at 22.57 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Fastenal

Fastenal Stock Trades Ex-Dividend Monday
Fri, 21 Apr 2017 12:23:00 +0000
Fastenal will send its dividend payment on May 26 to shareholders of record as of April 26.

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Fri, 21 Apr 2017 11:17:35 +0000
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Fastenal Co. :FAST-US: Earnings Analysis: Q1, 2017 By the Numbers : April 19, 2017
Wed, 19 Apr 2017 13:55:42 +0000
Categories: Yahoo FinanceGet free summary analysis Fastenal Co. reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of Fastenal Co. – MSC Industrial Direct Co., Inc. Class A and HD Supply Holdings, Inc. (MSM-US and HDS-US) that have also reported for this period. Highlights Summary numbers: Revenues … Read more
(Read more…)

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