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: $$42.45-$43.04 52-week Range: $$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.
SonoSite (Nasdaq:SONO) hit a new 52-week high Friday as it is currently trading at $53.74, above its previous 52-week high of $53.73 with 542,881 shares traded as of 1:25 p.m. ET. Average volume has been 214,800 shares over the past 30 days.
Shares of SonoSite (Nasdaq:SONO) were gapping up Thursday morning with an open price 26.8% higher than Wednesday's closing price. The stock closed at $42.24 yesterday and opened today's trading at $53.54.