Fastenal (FAST) Offering Possible 6.38% Return Over the Next 22 Calendar Days

Fastenal's most recent trend suggests a bullish bias. One trading opportunity on Fastenal is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 6.38% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $44.00 long put 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 up which suggests that the medium-term momentum for Fastenal is bullish.

The RSI indicator is at 74.01 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

Manning & Napier Purchases Shares of Fastenal
Tue, 24 Jan 2017 15:33:54 GMT

Post Earnings Coverage as Fastenal's Earnings Surpassed Market Expectations
Tue, 24 Jan 2017 13:15:00 GMT
Accesswire – Upcoming AWS Coverage on W.W. Grainger LONDON, UK / ACCESSWIRE / January 24, 2017 / Active Wall St. announces its post-earnings coverage on Fastenal Co. (NASDAQ: FAST ). The Company posted its fourth quarter …

Six Dividend Growth Stocks Raising Dividends Like Clockwork
Mon, 23 Jan 2017 16:02:57 GMT

Company News for January 19, 2017
Thu, 19 Jan 2017 15:31:03 GMT

Fastenal Company (FAST) Climbs: Stock Adds 6% in Session
Thu, 19 Jan 2017 13:30:01 GMT

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