How the (FAST) price action is used to our Advantage
April 08, 2024, 18:18 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FAST
- Buy FAST slightly over 72.07 target 76.44 stop loss @ 71.86 Details
The technical summary data tells us to buy FAST near 72.07 with an upside target of 76.44. This data also tells us to set a stop loss @ 71.86 to protect against excessive loss in case the stock begins to move against the trade. 72.07 is the first level of support below 75.89 , and by rule, any test of support is a buy signal. In this case, support 72.07 is being tested, a buy signal would exist.
- Short FAST slightly under 76.44, target 72.07, stop loss @ 76.66 Details
The technical summary data is suggesting a short of FAST as it gets near 76.44 with a downside target of 72.07. We should have a stop loss in place at 76.66though. 76.44 is the first level of resistance above 75.89, and by rule, any test of resistance is a short signal. In this case, if resistance 76.44 is being tested, a short signal would exist.
Swing Trading Plans for FAST
- Buy FAST slightly over 76.44, target n/a, Stop Loss @ 76.22 Details
If 76.44 begins to break higher, the technical summary data tells us to buy FAST just slightly over 76.44, with an upside target of n/a. The data also tells us to set a stop loss @ 76.22 in case the stock turns against the trade. 76.44 is the first level of resistance above 75.89, and by rule, any break above resistance is a buy signal. In this case, 76.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FAST slightly near 76.44, target 75.29, Stop Loss @ 76.66. Details
The technical summary data is suggesting a short of FAST if it tests 76.44 with a downside target of 75.29. We should have a stop loss in place at 76.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FAST
- Buy FAST slightly over 75.92, target 76.59, Stop Loss @ 75.74 Details
If 75.92 begins to break higher, the technical summary data tells us to buy FAST just slightly over 75.92, with an upside target of 76.59. The data also tells us to set a stop loss @ 75.74 in case the stock turns against the trade. 75.92 is the first level of resistance above 75.89, and by rule, any break above resistance is a buy signal. In this case, 75.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FAST slightly near 75.92, target 75.29, Stop Loss @ 76.1. Details
The technical summary data is suggesting a short of FAST if it tests 75.92 with a downside target of 75.29. We should have a stop loss in place at 76.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Fastenal Company (FAST) available here: FAST.
FAST Ratings for April 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
67.69 |
| P2 |
75.92 |
75.29 |
72.07 |
| P3 |
76.59 |
76.43 |
76.44 |
AI Generated Signals for FAST
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Fastenal Company (NASDAQ: FAST) data table below can help you with price action, and we have more details too. Trading plans for FAST are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FAST:
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