HaseebKhan_90

FAST trying to make new all-time-highs

Long
NASDAQ:FAST   Fastenal Company
FAST is trying to break through and close above its recent all-time-high of $54.31.

Good news is that it's holding its previous all-time-high of $51.89 as support.

With buying pressure slowing down it may come back down to retest the $52.50 to $53.10 area as support before making another attempt at breaking and closing above $54.31

Final thoughts
* Strong up trending stock
* Expected to have earnings-per-share growth over the coming year
* Great long term hold as it pays dividends

Trade Idea
* Look for buying opportunities around the $52.50 to $53.10 area

OR

* Wait for a confirm break and close above $54.30