Fastenal (FAST: NASDAQ)Fastenal (FAST) Strong Q3 sales met expectations, exceeded estimates on bottom line due to impressive profit margins. Onsites initiative progressing well, aiming for 400 additions yearly. Bullish on FAST, especially above $53.00-$54.00. Upside target set at $81.00-$82.00, driven by strategic initiatives and solid financial performance. 
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Trade ideas
FAST | InformativeNASDAQ:FAST  
If the stock price breaks above the bullish line, positioned around $60.74, the primary target on the bullish side to monitor would be Target Price 1 at $61.76.
Conversely, if the stock price descends below the bearish line, located at $59.45, there are several potential downside targets. The initial target on the bearish side would be Target Price 1 at $58.00. If this level is surpassed, the subsequent target to keep an eye on would be Target Price 2 at $56.00.
FAST Fastenal Company Options Ahead of EarningsIf you haven`t bought FAST here:
Then analyzing the options chain and the chart patterns of FAST Fastenal Company  prior to the earnings report this week,
I would consider purchasing the 55usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FAST: some correction?Below 54.00 supports a bearish trend direction.
Increase short exposure for a break below 53.00.
The target price is set at 51.00 (lower range of the inclining channel pattern).
The stop-loss is set at 56.00 (upper range of the inclining channel pattern).
Downside price momentum is applicable.
FAST Fastenal Company Options Ahead Of EarningsLooking at the FAST Fastenal Company options chain ahead of earnings , I would buy the $52.5 strike price In the Money Puts with
2023-8-18 expiration date for about
$3.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
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 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 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
$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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FAST 🌦Good afternoon fellow financial astronauts! Most of of you have been asking me to place more labels on my charts. The ABC segments represent Elliott correction waves. ABC patterns are primarily what we  trade. Our maxim is founded on the idea that markets move in impulse correction impulse waves. 
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FASTProbably one of the few opportunities to enter this paper, which has been growing continuously since 1998. Pays 2% of dividends, not much, but they are constantly increasing. Now a large triangle has been formed, its breakdown and retest has occurred (see the yellow circle). The goal is indicated on the graph. I recommend leaving the paper in the medium term (2-5 years) and even in the long term (5 years and longer)
FAST - 5.14% Potential Profit - Ascending Triangle BreakoutAscending Triangle formed after a 3-month correction. Multiple new support confirmation over the past 4 days.
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual. We have a target price, however, I wouldn't be surprised if it would go above that.
- Target Entry $50.53
- Target Stop Loss $49.93
- Target Exit $53.00
About me
- P/L  Oct-Dec  Trading Suspended |  September  +49.18% |  August  +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
FAST Fastenal special one-time dividend of 40 cents a shareFastenal Co. FAST, said its board has declared a special one-time dividend of 40 cents a share. The maker of fasteners and tools for industrial use said the dividend will be payable Dec. 22 to shareholders of record as of Dec. 2. (marketwatch)
The indicators are bullish on many timeframes.
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