Fast Money's Trend Trades
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Created by barrons2
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Date updated:02-26-2008

What can you learn from the charts? Esteemed technical analyst Dan Fitzpatrick reveals how he’s trading the trends.

symbol name last price % change open
  • +
  • CREE
    Cree Inc
  • $18.24
  • -1.78%
  • $20.32

Analysis: I like this company, says Fitzpatrick, in part because analysts hate it. Buy now or on a breakout above $34. Pete Najarian and Guy Adami agree with the call.

People owning CREE also tend to own: AAPLALYAMXGLWHANSRIGAIG

TheStreet.com Rating: C What is this?

  • +
  • SDS
    Pt Ultrshrt Sp500
  • $102.50
  • +11.32%
  • $96.92

Analysis: It seems that we’re currently in an uptrend in a downtrending market. Buy on any pullback to its 50-day moving average, he counsels, or on a breakout above $65.

People owning SDS also tend to own: ABXBHPBVNCAMCEOCRESYDXD

TheStreet.com Rating: No Rating What is this?

  • +
  • NLY
    Annaly Capital Ma
  • $12.02
  • -7.32%
  • $12.70

Analysis: Analysts like this company because NLY doesn’t have any subprime exposure, Fitzpatrick says. However, I think it’s too late to buy unless it's for a quick trade. And watch out for $24 ceiling.

People owning NLY also tend to own: AHGAMTAWBCRBEAVBROCERN

TheStreet.com Rating: B What is this?

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