FAST: Steep rise, overextended indicators = profit-taking risk

Fastenal Company (NASDAQ:FAST)

NASDAQ:FAST Fastenal Company

Trend Lines Candlestick Analysis Technical Indicators FAST gapup alltimehigh profittakingrisk overextended Technical Analysis Stocks

trendline candlestick indicator fast gapup alltimehigh profittakingrisk overextended technicalanalysis stocks

FAST moved out of its sideways pattern and gapped, then ran up to a new all-time high. The stock is at risk of profit-taking due to the angle of ascent of the price action and the overextended technical indicator patterns.

snapshot

Martha Stokes, CMT
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