May 10, 2013 (Market movers via COMTEX) -- Fastenal (NASDAQ:FAST) is one of today's notable stocks on the rise, up 1.7% to $49.53. The S&P is trading fractionally higher to 1,627 and the Dow is trading fractionally lower to 15,060.
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 (NASDAQ:FAST) is currently priced 0.1% above its 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.
Over the past year, Fastenal has traded in a range of $37.61 to $53.38 and is now at $49.53, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.5%.
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