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Bullish Moving Average Cross by Fastenal (FAST)

By David Diaz

Today, shares of Fastenal (NASDAQ:FAST) have advanced above their 10-day MA of $43.34 on a volume of 632K 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.

Over the past year, Fastenal has traded in a range of $34.45 to $52.74 and is now at $43.71, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Fastenal on April 12th, 2017 by issuing a Downtrend alert when the shares were trading at $47.20. Since that call, shares of Fastenal have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Fastenal

Ticker(s): FAST