$FAST with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:FAST after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
0IKW trade ideas
FAST potential Buy setupReasons for bullish bias:
- Falling wedge pattern
- Price respecting long term trendline
- Price is at the weekly support zone
- Bullish divergence
Here are the recommended trading levels:
Entry Level(Buy Stop): 66.85
Stop Loss Level: 59.08
Take Profit Level 1: 74.62
Take Profit Level 2: Open
Taking aggressive entry at CMP, but safe entry will be above 66. Also, heads up Earnings date is 12 July (Friday)
FAST fib golden pocketFAST is in a FIB golden pocket and the movement to 78 is very much imminent
its a strong fundamental stock so entries should be made now
Entry at 71
TP at 78
Stop loss 64
FAST Bullish trendBullish Bias!
1) bounced from 200 EMA
2) closed above 50 day MA
3) Fundamentally strong company great earnings
Entry when it closed above 73 on daily time frame which will confirm golden pocket of fib levels fo recent swing
Entry at 68
Stop loss @ 60
TP @78
FAST 1H Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- expanding ICE
+ volume 2Sp
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily context
"+ long impulse
+ SOS test level
+ right volume distribution"
Monthly context
"+ long impulse
+ SOS level
+ 1/2 correction?
+ right volume distribution"
Sell Stop 67.15 LMT 67.84, GTC
Sell Limit 69.19, GTC
FAST Fastenal Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 62.12usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $2.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FAST is BullishPrice has given a good breakout after a matured bullish divergence on daily time frame. First higher high is printed successfully, now the price is likely to define a higher low before moving to higher targets. Entry point, Stop Loss and Take Profit are mentioned on the chart.
FAST Fastenal Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 84.62usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $4.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Top stock picks for the next years No. 5 Fastenal Comp.I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Fastenal share with a target price of 109$
Short Fastenal FASTJust a quick short on FAST before ex-div date.
Post earnings, with beat expectations, but nothing amazing, overbought, RSI on it's way back down.
Seems likely to repeat the pattern after last earnings.
Fastenal ($FAST) Powers Ahead: A Dive into Q4 2023 Performance
Fastenal Company (NASDAQ: NASDAQ:FAST ) has emerged as a standout performer, exceeding market expectations in its Q4 2023 earnings report. With an EPS of $0.46, surpassing the forecasted $0.45, the industrial distributor showcases its resilience and strategic prowess in a challenging economic landscape. Let's delve into the key factors that contributed to Fastenal's robust performance and explore its promising outlook for the future.
Financial Highlights:
Fastenal's Q4 2023 earnings report reflects an impressive 8.4% increase in earnings per share, highlighting the company's profitability and financial health. The significant daily sales rate (DSR) growth underscores its strong market position and effective business strategies. Total net sales and daily sales exhibited healthy increases, affirming the success of the company's expansion and customer retention initiatives.
Exceeding Expectations:
Fastenal not only met but exceeded market expectations, outperforming forecasts in both EPS and revenue. The company's ability to consistently outshine benchmarks is a testament to its strong operational execution and strategic initiatives. Fastenal's revenue generation strategies, combined with a focus on cost-effective operations, set a new standard for the company's operational capabilities.
Guidance and Future Outlook:
Looking forward, Fastenal remains optimistic about its future trajectory. The company's guidance reflects confidence in its business model and growth prospects, emphasizing continued expansion in key areas. With a focus on enhancing digital capabilities, expanding the customer base, and driving operational efficiencies, Fastenal positions itself for sustained growth. Investments in technology and innovation are expected to yield positive results, reinforcing the company's commitment to adapting to market changes while upholding core business values.
Technical Outlook:
From a technical perspective, Fastenal's stock ( NASDAQ:FAST ) is trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that investors have been driving the share price higher, suggesting upward momentum. The positive technical signals align with the company's strong financial performance, providing investors with confidence in the stock's future value.
Conclusion:
Fastenal's Q4 2023 performance showcases a company in its prime, navigating challenges with resilience and achieving commendable financial results. As the company continues to focus on growth, operational efficiency, and technological innovation, investors can anticipate sustained value creation. Fastenal's ability to exceed market expectations and maintain an upward trajectory positions it as a compelling investment opportunity in the evolving landscape of industrial distribution.
Fastenal (FAST: NASDAQ)Fastenal (FAST) Strong Q3 sales met expectations, exceeded estimates on bottom line due to impressive profit margins. Onsites initiative progressing well, aiming for 400 additions yearly. Bullish on FAST, especially above $53.00-$54.00. Upside target set at $81.00-$82.00, driven by strategic initiatives and solid financial performance.
#Fastenal #StockMarket #InvestmentOpportunity
FAST | InformativeNASDAQ:FAST
If the stock price breaks above the bullish line, positioned around $60.74, the primary target on the bullish side to monitor would be Target Price 1 at $61.76.
Conversely, if the stock price descends below the bearish line, located at $59.45, there are several potential downside targets. The initial target on the bearish side would be Target Price 1 at $58.00. If this level is surpassed, the subsequent target to keep an eye on would be Target Price 2 at $56.00.
FAST Fastenal Company Options Ahead of EarningsIf you haven`t bought FAST here:
Then analyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 55usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FAST: some correction?Below 54.00 supports a bearish trend direction.
Increase short exposure for a break below 53.00.
The target price is set at 51.00 (lower range of the inclining channel pattern).
The stop-loss is set at 56.00 (upper range of the inclining channel pattern).
Downside price momentum is applicable.
FAST Fastenal Company Options Ahead Of EarningsLooking at the FAST Fastenal Company options chain ahead of earnings , I would buy the $52.5 strike price In the Money Puts with
2023-8-18 expiration date for about
$3.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$FAST with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FAST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$FASTBreak down below the 200day on the daily... possible bounce off the vol shelf and 100 day/weekly...but that would form a H&S.
NASDAQ:FAST
$FAST with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $FAST after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
FAST EarningsThey're basically a fastener retailer, can't imagine guidance will be good considering housing and construction are slowing down.
Threw some beer money at OTM puts for earnings tomorrow. Remember earnings are a crap shoot, but I don;t think too many companies are gonna have good news for guidance.
$FAST with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $FAST after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
Short Setup Fastenal An industry that is very sensitive to lead time, supply chain, and inflation. A very good short target as it seems to have retested previous support level as resistance.
A long way down! Very good risk-reward trade!
$FAST has a HIGH potential for a Swing trade BUY!Looking at the $FAST symbol. Price fell pretty significantly, and I strongly believe with one contract on this trade will do just fine. This is a strong buy. Trade at your own risk.
