Todd Gordon Likes Caterpillar, Home Depot And Boeing

Todd Gordon spoke on CNBC's "Fast Money" about stocks he would buy in the current market environment. He's a buyer because he noticed the Dow Jones index bounced off its 200-day moving average and he sees that as a bullish signal.

Gordon is a buyer of Caterpillar Inc. CAT, which showed a strong relative performance on Thursday. He explained that the stock is in a downtrend, but it's testing its 200-day moving average and he also noticed a bull flag pattern on its chart.

Home Depot Inc HD bounced off the 200-day moving average. Gordon noticed a cup and handle pattern on its chart and he wants to buy the stock.

Boeing Co BA is currently the best Dow stock, said Gordon. It's trading sideways at $330.69, but Gordon expects it to break out on the upside and reach $370. He thinks the stock has shown relative strength.