Looking for a FAST Breakout

I've been watching Fastenal (FAST) since its recent earnings report on Oct. 9.

A little history on this industrial name: The stock made a U-turn off its 2009 lows at about $13, then shot up to its 2012 high of $55. Since then, its stock price has basically wandered sideways, and this year it's been trading in a range between $44 and $50. To me, that makes Fastenal a "trading" stock. When it breaks out, it tends to rally hard, for one to three weeks. Then it falls. Then it rallies....452 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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