FAST: Steep rise, overextended indicators = profit-taking risk

Fastenal Company (NASDAQ:FAST)

NASDAQ:FAST Fastenal Company

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FAST moved out of its sideways pattern and gapped, then ran up to a new all-time high. The stock is at risk of profit-taking due to the angle of ascent of the price action and the overextended technical indicator patterns.

Martha Stokes, CMT
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