• Return to Headlines

Shares of Fastenal Co Fall to a New 52-Week Low

By David Diaz

Fastenal Co (NASDAQ:FAST) traded today at a new 52-week low of $29.56. Approximately 5.1 million shares have changed hands today, as compared to an average 30-day volume of 4.1 million shares.

Fastenal Company sells industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and the Netherlands.

Fastenal Co has overhead space with shares priced $29.99, or 46.0% below the average consensus analyst price target of $55.54. The stock should run into initial resistance at its 50-day moving average (MA) of $64.86 and subsequent resistance at its 200-day MA of $104.21.

In the past 52 weeks, shares of Fastenal Co have traded between the current low of $29.56 and a high of $143.76 and are now at $29.99. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 9.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Fastenal Co on May 6th, 2019 by issuing a Downtrend alert when the shares were trading at $135.09. Since that call, shares of Fastenal Co have fallen 76.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows fastenal co

Ticker(s): FAST