Fast Money Traders Share Their Profit-Taking Candidates

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Brian Kelly said on CNBC's Fast Money he would take profits in United Rentals, Inc. URI because it had a huge run on the rumors of a big infrastructure plan. He thinks it would be a good idea to sell the news after the plan gets published.

Kelly would also take profits in AutoZone, Inc. AZO and O'Reilly Automotive Inc ORLY because of the competition from Amazon.com, Inc. AMZN. He would also sell AutoNation, Inc. AN because its chart looks awful.

Steve Grasso sees an important technical resistance at 2,335 in the S&P 500. He thinks a down month could happen at the current price level.

David Seaburg wants to take profits in large-cap banks. He would sell Bank of America Corp BAC, JPMorgan Chase & Co. JPM and Citigroup Inc C and try to buy them back after a pull back.

Posted In: CNBCLong IdeasShort IdeasFast MoneyMediaTrading IdeasBrian KellyDavid SeaburgSteve Grasso
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