Fastenal (FAST) Offering Possible 9.89% Return Over the Next 22 Calendar Days

Fastenal's most recent trend suggests a bearish bias. One trading opportunity on Fastenal is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 9.89% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $55.00 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 32.85 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, Change in Directors or Principal Officers
Thu, 24 Apr 2014 13:54:35 GMT

FASTENAL CO Financials
Tue, 22 Apr 2014 17:04:19 GMT

What Fastenal and MSC Industrial Earnings Say About the Industrial Economy
Mon, 21 Apr 2014 18:04:36 GMT

Fastenal Founders Bob Kierlin, Steve Slaggie to Retire From Board of Directors
Wed, 16 Apr 2014 21:05:00 GMT
GlobeNewswire – WINONA, Minn. — In accordance with Fastenal's director age-limitation policy, two of our founders, Bob Kierlin (chairman) and Steve Slaggie (director), will retire from Fastenal's board of directors on …

Grainger Beats Q1 Estimates As It Fends Off Amazon
Wed, 16 Apr 2014 18:24:00 GMT

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