Fastenal (FAST) Offering Possible 8.7% Return Over the Next 15 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 8.7% return on risk over the next 15 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 $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $44.00 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 at 59.45 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

FASTENAL CO Files SEC form 8-K, Regulation FD Disclosure
Mon, 31 Mar 2014 21:27:13 GMT

Fastenal Company Announces Conference Call to Review 2014 First Quarter Earnings
Mon, 31 Mar 2014 21:15:00 GMT
GlobeNewswire – WINONA, Minn. — Fastenal Company announced the date and time for their conference call to review 2014 first quarter results, as well as current operations. The conference call will be broadcast live over …

Big stocks to short: FDO, FAST, SYY
Wed, 26 Mar 2014 18:48:00 GMT

Greenberg: 3 Stocks on New Short Fund's Radar
Tue, 25 Mar 2014 13:30:00 GMT

Traders see Fastenal holding firm
Tue, 18 Mar 2014 09:47:00 GMT

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