Accuracy in direction.Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
Key stats
Market capitalization
30.334BUSD
Dividends yield (FY)
2.63%
Price to earnings Ratio (TTM)
28.15
Basic EPS (TTM)
1.89USD
About Fastenal Company
ISIN
US3119001044
Sector
Distribution Services
Industry
Wholesale Distributors
Website
fastenal.com
CEO
Daniel Lars Florness
Headquarters
Winona
Employees
22.386K
Founded
1967
Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.
$FAST with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FAST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$FASTBreak down below the 200day on the daily... possible bounce off the vol shelf and 100 day/weekly...but that would form a H&S.
NASDAQ:FAST
$FAST with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $FAST after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
FAST EarningsThey're basically a fastener retailer, can't imagine guidance will be good considering housing and construction are slowing down.
Threw some beer money at OTM puts for earnings tomorrow. Remember earnings are a crap shoot, but I don;t think too many companies are gonna have good news for guidance.
$FAST with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $FAST after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
Short Setup Fastenal An industry that is very sensitive to lead time, supply chain, and inflation. A very good short target as it seems to have retested previous support level as resistance.
A long way down! Very good risk-reward trade!
$FAST has a HIGH potential for a Swing trade BUY!Looking at the $FAST symbol. Price fell pretty significantly, and I strongly believe with one contract on this trade will do just fine. This is a strong buy. Trade at your own risk.
FAST trying to make new all-time-highsFAST 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
$FAST with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FAST after a Negative over reaction following its earnings release placing the stock in drift C
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