May 14, 2013 (Market movers via COMTEX) -- Fastenal (NASDAQ:FAST), a company whose shares are moving quickly, is trading 2.0% higher to $51.94. The S&P is trading higher by 0.8% to 1,647 and the Dow is trading 0.6% higher to 15,176.

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.

Based on a current price of $51.94, Fastenal is currently 4.7% above its average consensus analyst price target of $49.50. The stock should discover initial support at its 50-day moving average (MA) of $49.79 and subsequent support at its 200-day MA of $46.20.

In the past 52 weeks, Fastenal share prices have been bracketed by a low of $37.61 and a high of $53.38 and are now at $51.94, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

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