Fastenal is engaged in the wholesale distribution of industrial and construction supplies. Co. is a distributor of fasteners and related industrial and construction supplies. This includes threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. Co.'s fastener product line is primarily sold under the Fastenal product name.
When researching a stock like Fastenal, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from FAST Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for FAST stock — the real life supply and demand for the stock over time — and examines that data in different ways. |
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Video: Technical Analysis