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Bullish Moving Average Cross by Fastenal Co (FAST)

By Amy Schwartz

Fastenal Co (NASDAQ:FAST) shares have crossed bullishly above their 10-day moving average of $64.82 on a volume of 169K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Fastenal Co share prices have been bracketed by a low of $47.37 and a high of $71.88 and are now at $65.13, 37% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.24% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Fastenal Co and will alert subscribers who have FAST in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses fastenal co

Ticker(s): FAST