Major indices finish lower amid GE earnings disappointment >>> READ MORE

Chart of the Day – Fastenal Co. (FAST)

A confirmation of the ascending triangle pattern would signal a breakout


The Chart of the Day is Fastenal Company (NASDAQ: FAST).

FAST’s chart is showing an ascending continuation triangle pattern, which is a bullish signal that indicates a possible continuation of a stock’s current uptrend.

We are just shy of a confirmation of this pattern, but a move above $56.17 would signal a potential $10-$12 breakout.

Get John Lansing’s Chart of the Day sent right to your inbox — FREE! Click here to sign up now!

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC