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Shares of Fastenal Co Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Fastenal Co (NASDAQ:FAST) traded today at $58.46, breaking its 52-week high. Approximately 119,000 shares have changed hands today, as compared to an average 30-day volume of 2.9 million shares.

Fastenal Co (NASDAQ:FAST) defies analysts with a current price ($58.24) 1.2% above its average consensus price target of $57.56. The stock should discover initial support at its 50-day moving average (MA) of $46.98 and subsequent support at its 200-day MA of $41.42.

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.

In the past 52 weeks, Fastenal Co share prices have been bracketed by a low of $37.70 and a high of $58.46 and are now at $58.24, 54% above that low price. 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 monitoring the recent change of momentum in Fastenal Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fastenal Co in search of a potential trend change.

Keywords: 52 week high/lows fastenal co

Ticker(s): FAST