Fastenal (FAST) stock slipped on April 13 even though the distributor of industrial and construction supplies reported in-line earnings for its first financial quarter. The post-earnings weakness saw FAST tank below its 20-day and 50-day moving averages (MAs), signaling a breakdown of its short-term bullish trend.
Despite the recent pullback, however, Fastenal shares remain up more than 12% versus the start of this year.
