| Fastenal is engaged in the wholesale distribution of industrial and construction supplies. This includes threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. Most of Co.'s customers are in the manufacturing and non-residential construction markets. The manufacturing market includes sales of products for both original equipment manufacturing, and manufacturing, repair and operations. The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors.
When researching a stock like Fastenal, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from FAST Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for FAST stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the FAST 200 day moving average ("FAST 200 DMA"), while one of the most popular "shorter look-backs" is the FAST 50 day moving average ("FAST 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Fastenal. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the FAST 200 DMA and the FAST 50 DMA, we get a moving average convergence divergence indicator ("FAST MACD"). The FAST MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart).