Fastenal (FAST) Offering Possible 19.05% Return Over the Next 27 Calendar Days

This article was originally published on this site

Fastenal’s most recent trend suggests a bearish bias. One trading opportunity on Fastenal is a Bear Call Spread using a strike $40.00 short call and a strike $45.00 long call offers a potential 19.05% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $40.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $45.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Fastenal is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Fastenal is bullish.

The RSI indicator is at 69.83 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Fastenal

Quality Characteristics and Competition
Thu, 21 May 2020 15:46:21 +0000
Great investments find ways to create quality that sometimes can’t be measured by numbers alone Continue reading…

David Rolfe Curbs Fastenal Holding, Buys 3 Stocks in 1st Quarter
Tue, 19 May 2020 21:56:27 +0000
Guru also trimmed Booking Holdings and Apple positions Continue reading…

Wedgewood Partners Cuts Fastenal, Alphabet, Visa
Mon, 18 May 2020 17:07:00 +0000
Firm’s largest sales of the 1st quarter Continue reading…

Fastenal (FAST) Up 10.9% Since Last Earnings Report: Can It Continue?
Thu, 14 May 2020 15:30:03 +0000
Fastenal (FAST) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

Why Fastenal Stock Jumped 16% in April
Wed, 06 May 2020 13:45:00 +0000
The industrial parts supplier has held up pretty well in the face of COVID-19, helped along by its diversified business.

Be Sociable, Share!

Related Posts