Fastenal (FAST) Offering Possible 12.36% Return Over the Next 21 Calendar Days

Fastenal's most recent trend suggests a bullish bias. One trading opportunity on Fastenal is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 12.36% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 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 $50.00 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

See what the IHS Markit Score report has to say about Fastenal Co.
Tue, 24 Jul 2018 12:05:32 +0000
Fastenal Co NASDAQ/NGS:FAST

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Moving Average Crossover Alert: Fastenal (FAST)
Mon, 23 Jul 2018 12:46:12 +0000
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Free Research Report as Fastenal’s Net Sales Jumped 13.1% and EPS Surged 33%
Wed, 18 Jul 2018 11:05:00 +0000
LONDON, UK / ACCESSWIRE / July 18, 2018 / If you want access to our free earnings report on Fastenal Co. (NASDAQ: FAST), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FAST. The Company reported its second quarter fiscal 2018 operating and financial results on July 11, 2018.

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