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Signals trading SHORT Fastenal Company - FAST

US stock price signals and analysis

Good morning Traders,

Today, September 13,  Lift-Off offers a SHORT trading signal on the US stock Fasternal Company (Ticker: FAST) listed on the Nasdaq, part of the NASDAQ index

The stock at the close of the day on Monday closed with a decline in price, ending the day marking -0.84 percent at $50.77 per share.

His balance sheet figures are good,  with excellent financial strength and a likelihood of growth in the near future remarkable.

Operating margins, and net margins, as well as ROE, ROA and other data are particularly high, as well as the very high WACC vs. ROIC, a symptom of a very good company for the future,.

In spite of the data, we suggest a speculative downward signal, in view of the U.S. CPI data and the possible and likely interest rate increase by the FED that will impact the construction sector, in which the company works.

Below the chart of Fasternal Company - FAST- with the signal detected by Lift-Off

Under price level already support in the past

Some information about Fasternal Company

Fastenal Company, along with its subsidiaries, is engaged in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America and internationally. 

It offers fasteners and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in fabricated products and construction projects, as well as machine maintenance and repair. 

It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. 

The company serves the manufacturing market including original equipment manufacturers; maintenance, repair, and operations; and nonresidential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools and retail stores; and oil exploration, production and refining companies, as well as federal, state and local government agencies. 

The company distributes its products through a network of 3,209 in-market locations and 15 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

Source: https://finance.yahoo.com/

Financial Overview:The current market capitalization of FAST is $29,424B USD. The company's TTM EPS is 1.79 USD, dividend yield is 2.42% and PE is 28.67. Fastenal Company's next earnings release date is October 13. The estimate is $0.48 USD.

Accounts, including revenue, expenses, profit and loss: FAST's total revenue for the latest quarter is $1.78B USD, up 4.37% from the previous quarter. Net income in Q2 22 is 287.10M USD.

Overview data and accounts source: Tradingview.com

Signal Chart September 13, 2022

SHORT - Fasternal Company - FAST

Input price: $50.55 (and any opening price)
Stop loss: $53.50
Take profit 1: $45.68

RR 1:1.65

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