Fastenal (FAST) Offering Possible 8.7% Return Over the Next 36 Calendar Days

Fastenal's most recent trend suggests a bullish bias. One trading opportunity on Fastenal is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 8.7% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 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 $45.00 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

Home Depot (HD) Gains on Q3 Earnings Beat, Raises FY18 View
Tue, 13 Nov 2018 13:53:01 +0000
Home Depot's (HD) strong third-quarter fiscal 2018 results show strength in both professional and do-it-yourself categories as well as customer demand.

Fastenal (FAST) Stock Moves -0.67%: What You Should Know
Fri, 09 Nov 2018 22:50:10 +0000
Fastenal (FAST) closed the most recent trading day at $54.76, moving -0.67% from the previous trading session.

Fastenal (FAST) Stock Up 16% Over a Year: More Room to Run?
Fri, 09 Nov 2018 22:23:10 +0000
Fastenal's (FAST) robust end-market demand and core product offerings bode well for its future earnings prospects.

TGLS vs. FAST: Which Stock Should Value Investors Buy Now?
Fri, 09 Nov 2018 14:30:02 +0000
TGLS vs. FAST: Which Stock Is the Better Value Option?

Why Is Fastenal (FAST) Up 7.6% Since Last Earnings Report?
Fri, 09 Nov 2018 14:30:02 +0000
Fastenal (FAST) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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