Fastenal (FAST) Offering Possible 10.17% Return Over the Next 21 Calendar Days

Fastenal's most recent trend suggests a bearish bias. One trading opportunity on Fastenal is a Bear Call Spread using a strike $46.00 short call and a strike $52.50 long call offers a potential 10.17% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $46.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $5.90 would be incurred if the stock rose above the $52.50 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 22.83 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

ETFs with exposure to Fastenal Co. : April 24, 2017
Mon, 24 Apr 2017 18:28:51 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Fastenal Co. Here are 5 ETFs with the largest exposure to FAST-US. Comparing the performance and risk of Fastenal Co. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name … Read more
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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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