May 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Fastenal (NASDAQ:FAST) traded in a range yesterday that spanned from a low of $48.71 to a high of $50.94. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $48.98 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Fastenal have traded between a low of $37.61 and a high of $53.38 and are now at $50.78, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.47% lower over the past week, respectively.
SmarTrend is tracking the current trend status for Fastenal and will alert subscribers who have FAST in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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Copyright, Comtex News Network, Inc. 2013
