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.

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o Dow Jones 17,103.90 ▼9.64 (-0.06%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:17,103.90 Trade time:11:34AM EDT Value change:▼9.64 (-0.06%)
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Company ID [INDEXSP:.INX] Last trade:1,988.68 Trade time:11:34AM EDT Value change:▲5.15 (0.26%)
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