s1nancan

FAST Earnings - Bearish

Short
NASDAQ:FAST   Fastenal Company
FAST, big gap up on the last ER. just touching the trend line, all the ma's pointing down. Earnings on Wed premarket. Looks bearish at the moment, can fill the gap to 50.

The sell volume on the last 2 days is 1.5 times the average, not a good sign before earnings.

Price increased only in the last ER out of last 5 ERs. Generally decline or no change within a day or two.
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