• Return to Headlines

Fastenal Crosses Below its 10-day MA (FAST)

By David Diaz

Today, shares of Fastenal (NASDAQ:FAST) have fallen below their 10-day MA of $45.87 on a volume of 930K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 31% above that low price at $45.15 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

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

Keywords: moving crosses Fastenal

Ticker(s): FAST