Fastenal @ Year Highs

fast New York, January 17th (TradersHuddle.com) - Shares of Fastenal Company (NASDAQ:FAST) booked a new 52 week high today by trading above $46.66, traders are definitely monitoring Fastenal's price action to see if this move attracts further buying into the stock.

Fastenal Company (NASDAQ:FAST) operates as a wholesaler and retailer of industrial and construction supplies. The company primarily serves manufacturing markets, which include both original equipment manufacturers and maintenance and repair operations; and the construction market that includes general, electrical, plumbing, sheet metal, and road contractors.

Fastenal is currently trading 0.26% versus its previous trading session close, and it has calculated support and resistance at $39.96 and $45.81 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.75% from its previous trading close, which means that Fastenal stock is underperforming the overall market.



Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!

Technical Scans

Stock Market

Loading
Chart
o Dow Jones 18,132.70 ▼81.72 (-0.45%)
o S&P 500 2,104.50 ▼6.24 (-0.30%)
o NASDAQ 4,963.53 ▼24.36 (-0.49%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,132.70 Trade time:4:29PM EST Value change:▼81.72 (-0.45%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,104.50 Trade time:4:29PM EST Value change:▼6.24 (-0.30%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,963.53 Trade time:5:15PM EST Value change:▼24.36 (-0.49%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.