Fastenal Co is an American company based in Winona, Minnesota with its main distribution center located in Indianapolis, Indiana. Fastenal sells industrial and construction supplies and offers services including inventory management, manufacturing and tool repair.

The company shows a very strong financial background with a constant turnover rise from 1.9 billion dollars in 2009 to 3.2 billion dollars expected for 2012. Net income follows the trend with 184 million dollars in 2009 to 434 million dollars expected for the ongoing exercise. The trend is regularly revised upward and consensus is optimist with 7 analysts at “Hold” and 2 at “buy”.

Technically the stock shows a strong upward trend with a 23 USD growth since October to 54 USD, level of the resistance. Moving averages are well oriented and moving average 20-days come in support. The resistance crossing will be a strong buying signal to focus on the 57 USD area. A stop loss will be engaged at 50.3 USD.