With industrial names taking a hit on Thursday, should you buy the dip as a long-term bet on global growth?

What's the right price to get in? Seems like a good time to play the right price with Guy Adami.

STOCK #1: CATERPILLAR

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What was resistance is now support, says Adami. The right price is $54. However if the market corrects as I think it will CAT will probably overshoot.

STOCK #2: HONEYWELL

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With a recent double top around $40 and a recent double bottom around $35, the right price is $35.

 

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Current DateTime: 12:25:56 10 Feb 2012
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Current DateTime: 12:25:56 10 Feb 2012
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Trader disclosure: On November 19th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (BP) Calls; Najarian Owns (DELL) Dec. Call, Is Short (DELL) Nov. Calls; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (MCD) Call Spreads; Najarian Owns (TXN), Is Short (TXN) Calls; Najarian Owns (UUP) Calls; Najarian Owns (YHOO), (YHOO) Puts; Najarian Owns (BG) Calls; Najarian Owns (KG) Calls; Terranova Owns (POT), (GOOG), (AAPL), (SU); Terranova Owns (UNG) April 2010 Calls; Terranova Owns (FDX) Dec. 2010 Calls; Terranova Is Short Crude Oil January 2010; Terranova Owns Crude Oil December 2010

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