Fastenal Offering Possible 7.53% Return Over the Next 25 Calendar Days

Fastenal's most recent trend suggests a bullish bias. One trading opportunity on Fastenal is a Bull Put Spread using a strike $48.00 short put and a strike $43.00 long put offers a potential 7.53% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $43.00 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 41.93 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 Financials
Fri, 18 Oct 2013 17:04:11 GMT

W.W. Grainger Misses, Less Upbeat On Sales Outlook
Wed, 16 Oct 2013 17:00:00 GMT

FASTENAL CO Files SEC form 10-Q, Quarterly Report
Tue, 15 Oct 2013 15:05:41 GMT

Stocks Presume Standoff Solution, Break Two-Week Losing Streak
Fri, 11 Oct 2013 22:00:00 GMT
Barrons.com – Heading into this week, the stock market looked ready to follow the script one or the other of the weekend's big opening films: the Tom Hanks vehicle Captain Phillips or Robert Rodriguez's Machete Kills …

Fastenal weakness a buying opportunity, says RW Baird
Thu, 10 Oct 2013 11:52:32 GMT

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