Fastenal (FAST) , a producer of fasteners and related industrial and construction supplies, is scheduled to report earnings Wednesday morning. Let's check out the charts and indicators ahead of the print.
In the daily bar chart of FAST, below, we can see that prices have pulled back below the cresting 50-day moving average line. The rising 200-day line intersects just below $56 and held in early October.
The On-Balance-Volume (OBV) line has been neutral since September and created a bearish divergence when compared to the price action which made higher highs. The Moving Average Convergence Divergence (MACD) oscillator turned lower in November and just crossed below the zero line for an outright sell signal.