Fast Money Traders Share Their Breakout Stocks
CNBC Fast Money's Tim Seymour said on the show that iShares MSCI Emerging Markets Index ETF (NYSE: EEM) is trading at its major resistance and if China continues to grow there should be a significant rally in this name. EEM jumped 0.47 percent Tuesday and closed at $45.15.
Dan Nathan thinks that Nike (NYSE: NKE) could jump above its 52-week high and the Q1 earnings in the late September could be a catalyst for the move higher. He is using a call spread to place a bullish bet, owning the October expiration calls and shorting shorter dated calls. Nike fell 0.05 percent and closed at $78.51.
Brian Kelly believes that Market Vectors Gold Miners ETF (NYSE: GDX), which lost 1.15 percent, is going higher. He explained that inflation could increase and that would be positive for gold.
Guy Adami is a buyer of EXACT Sciences (NASDAQ: EXAS). The company has developed a non-invasive colorectal cancer screening test. Adami thinks that EXACT Sciences could spike to $25; it is currently trading at $18.34.
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