Fast Money Trades - Update - WMT, XBI, ORI, AKAM

Published on Thursday, 29 July 2010 12:05 Written by Christian Paolinetti

New York, July 29th (TradersHuddle.com) - Currently the Fast Money trades are performing with the S&P 500 that is trading lower, with all recommended trades trading lower.

Joe Terranova recommended long Wal-Mart Stores (NYSE:WMT), and today is the best performer among the Fast Money Final trade recommendations, with the stock trading at $51 representing -0.25% versus the previous trading session. Shares of Wal-Mart, the biggest retailer in the world have defined support at $47.77 and resistance at $51.81.

Karen Finerman suggested long Select Sector Spider S&P Biotech (NASDAQ:XBI), and today is trading at $53.59 representing -1.34% from its previous close. The Biotech sector has seen a recent inflow of investors with the current wave of M&A. The XBI has calculated support and resistance levels at $51 and $53.85 respectively.

Brian Kelly suggested long Old Republic International (NYSE:ORI), as he was looking for high dividends. Old Republic, is trading at $12.46 or -1.81% from the previous close. Shares of Old Republic, the risk management services provider have defined support at $12.37 and resistance at $13.02.

Jon Najarian suggested long AKAM (NASDAQ:AKAM) on the earnings dip, and today is trading at $38.99 representing -11.45% from its previous close, giving DR J an opportunity to get back invoved in this high momentum stock.