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Fastenal Bullish Moving Average Crossover Alert (FAST)

By Nick Russo

Today, shares of Fastenal (NASDAQ:FAST) have advanced above their 10-day MA of $38.71 on a volume of 257K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Fastenal share prices have moved between a 52-week high of $49.99 and a 52-week low of $34.45 and are now trading 13% above that low price at $38.90 per share. 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 May 19th, 2016 by issuing a Downtrend alert when the shares were trading at $44.85. Since that call, shares of Fastenal have fallen 14.4%. 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