• Return to Headlines

Look for Shares of Fastenal Co to Potentially Pullback after Yesterday's 1.40% Rise

By David Diaz

Fastenal Co (NASDAQ:FAST) traded in a range yesterday that spanned from a low of $52.20 to a high of $53.33. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $52.55 on volume of 819,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Fastenal Co on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $54.82. Since that call, shares of Fastenal Co have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Fastenal Co share prices have moved between a 52-week high of $58.74 and a 52-week low of $37.70 and are now trading 41% above that low price at $53.10 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%.

Keywords: rebounders fastenal co

Ticker(s): FAST