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FAST 10Q due FRIDAY 1/17
FAST 10Q 11 0ctober
FAST 10Q expected JULY12
FAST new 52 week high
FAST new 52 week high
FAST new 52 week high
FAST new 52 week high
FAST new 52 week high
FAST new 52 week high
FAST new 52 week high
This Stock Is Dropping $FAST, Know This Support Level
Fastenal Company (NASDAQ:FAST) is leader in wholesale distribution of industrial and construction supplies. Today, the stock is trading lower by 8.10 percent to $50.01 a share. The decline comes after the company reported earnings earlier today. Traders should note that the stock is now trading sharply below its important 50-day moving average. This puts the stock in a weak technical position on the charts. There should still be some support around the 200-day moving average in the near term. Should that level fail to hold as support on a closing basis then the next major support area will be around the $45.00 level. At this time, the $45.00 level will be a very solid area for a potential swing trade.
Nicholas Santiago
InTheMoneyStocks
Today, leading industrial and construction supplies company, Fastenal Co (NASDAQ:FAST) is declining by 6.50 percent. The sell off in the stock comes after the company reported earnings that clearly disappointed the street. The stock is now piercing the 50-day moving average. It should also be noted that today's decline is also erasing all of the gains made in December. Day-traders should now watch for major intra-day chart support around the $50.00 level. This important area will be a solid retrace level and also a nice whole round number for a good risk/reward day trade when tested.
Nicholas Santiago
InTheMoneyStocks
Fastenal Co $FAST trading well above its fair value before reporting earnings Wednesday:
Fair Value Analysis
On a fundamental basis, Fastenal’s $FAST fair value is approx. $33 per share which implies a (negative) 23% margin of safety. But the company is a dividend paying machine that income investors love. While a dividend growth rate of 20% is unsustainable, it's unlikely Fastenal's valuation will come back down to earth anytime soon unless the company serves up a huge earnings miss on Tuesday...
Full Analysis
This is still very powerful here. That drop was a retrace. When they come is often a mystery.
AI
