Fastenal (FAST) Offering Possible 12.36% Return Over the Next 25 Calendar Days

Fastenal's most recent trend suggests a bullish bias. One trading opportunity on Fastenal is a Bull Put Spread using a strike $44.00 short put and a strike $39.00 long put offers a potential 12.36% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.00 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 dropped below the $39.00 long put 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 up which suggests that the medium-term momentum for Fastenal is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

Jeff Auxier's Auxier Asset Management Fall Report
Tue, 08 Nov 2016 16:03:17 GMT

Fastenal Co. breached its 50 day moving average in a Bullish Manner : FAST-US : November 8, 2016
Tue, 08 Nov 2016 12:19:24 GMT

ETF’s with exposure to Fastenal Co. : November 7, 2016
Mon, 07 Nov 2016 17:23:50 GMT

5 Trade Ideas for Monday: Agilent, BlackRock, Fastenal, KeyCorp and Vulcan
Sun, 06 Nov 2016 18:57:05 GMT

How WESCO International Surprised the Stock Market
Fri, 28 Oct 2016 14:18:32 GMT

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