May 10, 2013 (Pivot alerts via COMTEX) -- Shares of Fastenal (NASDAQ:FAST) opened today above their pivot of $48.55 and have already reached the first level of resistance at $49.07. Investors may be interested in a cross of the next upside pivot targets of $49.49 and $50.43.

Fastenal Company sell industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands.

Fastenal has overhead space with shares priced $49.30, or 0.4% below the average consensus analyst price target of $49.50. The stock should find resistance at its 50-day moving average (MA) of $49.83, as well as support at its 200-day MA of $46.13.

Fastenal share prices have moved between a 52-week high of $53.38 and a 52-week low of $37.61 and are now trading 31% above that low price at $49.30 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.2%.

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