Fastenal (FAST) Offering Possible 17.65% 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 $55.00 short call and a strike $60.00 long call offers a potential 17.65% 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 $55.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $60.00 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 34.06 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's (FAST) Average Daily Sales Increase 9% in August
Thu, 09 Sep 2021 13:50:01 +0000
Fastenal's (FAST) August average daily sales growth rate moderate sequentially.

Fastenal (FAST) is a Top-Ranked Growth Stock: Should You Buy?
Wed, 08 Sep 2021 13:12:01 +0000
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Is Fastenal Company (NASDAQ:FAST) Potentially Undervalued?
Sun, 05 Sep 2021 13:35:40 +0000
Today we're going to take a look at the well-established Fastenal Company ( NASDAQ:FAST ). The company's stock saw a…

Fastenal (FAST) Up 22.4% Over a Year: Will it Gain Further?
Thu, 02 Sep 2021 16:20:04 +0000
Fastenal (FAST) is likely to benefit from solid industry trends, strong industrial vending business and onsite locations.

Here’s Why Madison Funds Sold its Fastenal Company (FAST) Position
Fri, 20 Aug 2021 17:03:22 +0000
Madison Funds, an investment management firm, published its “Madison Mid Cap Fund” second-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of 6.58% was recorded by the fund’s Class Y shares for the second quarter of 2021, compared to the Russell Midcap® Index’s gains of 7.50% for […]

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