Fastenal's most recent trend suggests a bullish bias. One trading opportunity on Fastenal is a Bull Put Spread using a strike $48.00 short put and a strike $43.00 long put offers a potential 5.26% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $43.00 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
Fastenal (FAST) Enters Overbought Territory
Mon, 10 Mar 2014 12:25:33 GMT
[$$] Sweating the Small Stuff
Sat, 08 Mar 2014 05:01:00 GMT
3 Materials & Construction Stocks Nudging The Industry Higher
Wed, 05 Mar 2014 17:02:00 GMT
Fastenal Company (FAST) Marked As A Barbarian At The Gate
Wed, 05 Mar 2014 16:20:00 GMT
February 2014 Sales Information
Wed, 05 Mar 2014 13:41:25 GMT
noodls – FEBRUARY 2014 INFORMATION Fastenal Company and Subsidiaries (Fastenal) Release date: 3/5/14 Information Regarding Monthly Sales Amounts and Other Information (Dollar amounts in thousands.) 2014 2013 Change …
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