Fastenal (FAST) Offering Possible 8.7% Return Over the Next 28 Calendar Days

Fastenal's most recent trend suggests a bearish bias. One trading opportunity on Fastenal is a Bear Call Spread using a strike $47.50 short call and a strike $52.50 long call offers a potential 8.7% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $47.50 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 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 33.3 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

The Argus Dividend Growth Portfolio
Wed, 16 Sep 2020 00:00:00 +0000
Often overlooked amid the market's gyrations, dividend income is an important element of total return. Consider recent results: in 2015, the S&P 500 delivered a total return of 1.4%, including dividends — but excluding dividends, the market was down 0.7%. Capital gains were a bit easier to achieve in 2016-17, though we note that dividend payments still contributed about 15%-20% of total return for investors. And dividend payments softened the blow in 2018, when most market indices declined as the Federal Reserve hiked rates. Between 1930 and 2012, dividend income accounted for 42% of total return of the S&P 500, according to Morgan Stanley. Not all dividends are created equal, though, and it is important to understand the difference between high-yield stocks and dividend-growth stocks, particularly in a slow-growth or recessionary economic environment.

Fastenal (FAST) Gains But Lags Market: What You Should Know
Mon, 14 Sep 2020 21:45:09 +0000
Fastenal (FAST) closed at $44.33 in the latest trading session, marking a +0.68% move from the prior day.

Hedge Funds Are Done Buying Fastenal Company (FAST)?
Fri, 11 Sep 2020 17:04:18 +0000
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

TGLS vs. FAST: Which Stock Is the Better Value Option?
Fri, 11 Sep 2020 15:40:03 +0000
TGLS vs. FAST: Which Stock Is the Better Value Option?

Can Fastenal (NASDAQ:FAST) Keep Up These Impressive Returns?
Thu, 10 Sep 2020 13:59:29 +0000
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common…

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