Fastenal had its Relative Strength (RS) Rating upgraded from 64 to 82 Friday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
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Fastenal is building a consolidation with an 84.88 buy point. See if the stock can break out in heavy volume.
Fastenal reported 0% earnings growth in the latest quarterly report. Revenue gains came in at 4%.
Fastenal holds the No. 3 rank among its peers in the Machinery-Tools & Related industry group. Enerpac Tool Group is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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