Fastenal Bullish Moving Average Crossover Alert (FAST)
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