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Fastenal Company: Expected To Hold Above Support level

04/11/2022

Less than a minute

2022.04.11 13:32

When we look at the Fastenal Company (NASDAQ:FAST) chart, we can see it’s been trading in a channel for the past weeks between its support level of around $57 and its resistance level of around $60.

This week it is announcing its quarterly earnings. If the market’s anticipation is met, we expect it to hold its price above its support level at around $56.80-$57 and react with a surge. Otherwise, it should fall towards its next support level at around $55.

Fastenal Company: Expected To Hold Above Support level Fastenal Company stock price chart.