• Return to Headlines

Bullish Moving Average Cross by Fastenal (FAST)

By Shiri Gupta

Today, shares of Fastenal (NASDAQ:FAST) have advanced above their 10-day MA of $46.50 on a volume of 864K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Fastenal have traded between a low of $34.45 and a high of $49.99 and are now at $46.86, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Fastenal on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.92. Since that recommendation, shares of Fastenal have risen 14.2%. We continue to monitor FAST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Fastenal

Ticker(s): FAST