Fast Money Trades - Update - RTP, KO, BMY, BBY, JPM

Published on Friday, 06 August 2010 13:03 Written by Gerard Lerod

New York, August 6th (TradersHuddle.com) - Currently the Fast Money trades are performing with the S&P 500 that is trading lower, with only one of the Fast Money Final Trade recommendations trading fractionally higher.

Tim Seymour recommended long Rio Tinto (NYSE:RTP), and today is the best performer among the Fast Money Final trade recommendations, with the stock trading at $54.89 representing 0.07% versus the previous trading session. Shares of Rio Tinto have defined support at $45.55 and resistance at $54.92.

Anthony Scaramucci suggested long Coca Cola (NYSE:KO), and today is trading at $55.98 representing -0.69% from its previous close. Coca Cola, the owner of one of the most valuable brands in the world has calculated support and resistance levels at $49.47 and $55.31 respectively.

Joe Terranova suggested long Bristol Myers (NYSE:BMY). Bristol-Myers Squibb, is trading at $26.18 or -0.76% from the previous close. Shares of Bristol-Myers Squibb, the global biopharmaceutical company based in New York have defined support at $24.26 and resistance at $25.50.

Karen Finerman suggested long Best Buy (NYSE:BBY), and today is trading at $34.71 representing -1.2% from its previous close and Brian Kelly decided to go with JP Morgan (NYSE:JPM) which is part of the sector that is dragging the market lower, currently JP Morgan is trading lower by close to 3% making it by far the worst trade of the Fast Money recommendations.