Fastenal Company - Trading Analysis

Posted on 04/10/2012 by Ella Gold


NEW YORK (AVAFIN) -- Fastenal Company options set a new 90-day record for the number of call contracts that exchanged hands between the buyers and the sellers. Aggregate volume of puts was 3,191 and calls was 3,903 equating to a 0.82 put/call ratio.

Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of investor behavior. Unusual options volume provides reliable clues that the stock is expected to make a move.

On the volume side, 6M shares were traded which is greater than the average volume. Fastenal Company is trading below the 50 day moving average and higher than the 200 day moving average. Shares of FAST opened today at $51.38 and settled the day down $2.68 to $48.90 during the session. The day's trading range is between $48.83 and $51.50 respectively. Within the last month, shares of FAST have gained 8.64% of their value.

Market Snapshot (04/10/2012)
  SPX 1360.07 -22.13 -1.60%
  DOW 12728.2 -201.40 -1.56%
  NASDAQ 2994.75 -52.33 -1.72%
  VIX 20.78 1.97 10.47%

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