$FAST is going to rise today
Updated
Earnings intraday trading strategy signal.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies.
Today the company announced it had beat sales (1.509B, est. 1.47B) and EPS (0.42, est. 0.36) estimates.
I suppose many traders will close their short positions today due to the good earnings report and potentially upside trend.
So I hypothesize that
FAST price will be rising from the market open to market close.
Due to strategy, the long buy can be from the market open price,
stop-loss — - $1,03 per share
take-profit — market close price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies.
Today the company announced it had beat sales (1.509B, est. 1.47B) and EPS (0.42, est. 0.36) estimates.
I suppose many traders will close their short positions today due to the good earnings report and potentially upside trend.
So I hypothesize that
FAST price will be rising from the market open to market close.Due to strategy, the long buy can be from the market open price,
stop-loss — - $1,03 per share
take-profit — market close price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Trade active
opened at $43,86stop set at $42,83
Trade closed: stop reached
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