Fastenal (FAST) Offering Possible 12.36% Return Over the Next 31 Calendar Days

Fastenal's most recent trend suggests a bearish bias. One trading opportunity on Fastenal is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 12.36% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $72.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Fastenal is bearish and the probability of a decline 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 22.45 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

Should FAST Hurry Into Your Portfolio?
Sun, 19 May 2019 18:50:00 +0000
Fastenal is a quality stock, and the company's deep customer relationships are setting up a long runway for growth.

Are Fastenal Company (NASDAQ:FAST) Investors Paying Above The Intrinsic Value?
Fri, 17 May 2019 17:53:17 +0000
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Fastenal Company…

Fastenal (FAST) Down 4.2% Since Last Earnings Report: Can It Rebound?
Sat, 11 May 2019 13:30:01 +0000
Fastenal (FAST) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Retail Building Products Industry's Prospects Appear Bright
Tue, 07 May 2019 14:00:02 +0000
Retail Building Products Industry's Prospects Appear Bright

See what the IHS Markit Score report has to say about Fastenal Co.
Tue, 07 May 2019 12:03:17 +0000
Fastenal Co NASDAQ/NGS:FASTView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is moderate for FAST with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 29. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FAST totaled $5.73 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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