Fastenal (FAST) sells industrial and construction supplies in a wholesale and retail fashion. This stock is trading up 1% at $42.92 in recent trading after hitting a 52-week high of $43.04 earlier in the day.
Today's Range: $$42.45-$43.0452-week Range: $$28.81-$43.04 Volume: 1.1 million shares Three-Month Average Volume: 2.75 million shares Fastenal, one of TheStreet Ratings' top-rated supplier and distributor stocks, has a market cap of $12.69 billion and an enterprise value of $12.42 billion. The stock trades at a trailing price-to-earnings of 38.02 and a forward price-to-earnings of 30.47. Its estimated growth rate for this year is 35.6%, and for next year it's pegged at 15.6%. From a technical standpoint, this stock has started to flirt with a big breakout level now that shares are bumping up against some past overhead resistance at $41.65. Market players should now watch for a sustained move and close on high-volume above $41.65 to trigger a breakout trade. Look for volume that's tracking in close to or above 2,752,740 shares on a close above $41.65.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV