FASTENAL COMPANY
(FAST-Nasdaq):
Technical Viewpoint: From a low
of $35.69 on Mar 14, 2000 prices
rallied, reaching a
high of $59 1/4
on Apr 14, 2000. A
decline saw prices pull back, reaching a
low of
$52 5/8 on Apr 24, 2000.
Another rally saw prices penetrate
resistance, closing 5/1/00
at $62.44. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 23, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $54.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 27, 2000. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! FASTENAL COMPANY
(FAST-Nasdaq) @ $64 1/8 Stop: Use a protective stop of $61 1/4.
FASTENAL COMPANY is currently trading @ $62.44 plus $4.00 on May 1, 2000. Price Objective:
$76.00. Risk/Reward: $2 7/8 VS. $11 7/8. Today's Risk Reward Ratio: 4:1
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