Market Overview

Fast Money Traders Share Their Breakout Stocks

Share:
Related EEM
Low Volatility ETFs Dominate 2014
Fast Money Picks For December 19: DISH Network, Foot Locker, Gold Miners ETF
Prasad Capital's 2015 Market Outlook (Seeking Alpha)

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.

Posted-In: Brian Kelly Dan Nathan Guy AdamiCNBC Long Ideas Fast Money Media Trading Ideas

 

Related Articles (EEM + EXAS)

Around the Web, We're Loving...

Get Benzinga's Newsletters