Trading 52-Week Highs

A number of stocks hit their 52-week highs Thursday, including names like Nike , Coca-Cola , Chipotle and FedEx .

So given their runs – how should you trade them? Find out what the Fast traders had to say – watch the video now!

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Trader disclosure: On July 7, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (XOM); Terranova owns (HAS); Terranova owns (DIS); Terranova owns (WFM); Terranova owns (LULU); Terranova owns (MSFT); Terranova owns (TM); Terranova owns (JWN); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (MA); Terranova owns (BX); Terranova owns (CAT); Terranova owns (VRTS); Terranova owns (AAPL); Terranova owns (F); Terranova owns (CVI); Terranova owns (IBM); Terranova owns (FCX); Jon Najarian owns (AAPL) calls; Jon Najarian owns (AMKR) calls; Jon Najarian owns (BIDU) calls; Jon Najarian owns (DANG) calls; Jon Najarian owns (SINA) calls; Jon Najarian owns (UA) calls; Jon Najarian owns (WNR) calls; Finerman owns (AAPL); Finerman owns (BP); Finerman owns (CVS); Finerman owns (IBM); Finerman owns (JPM); Finerman owns (MSFT); Finerman is short (SPY), (MDY), (WM); Finerman owns S&P puts; Finerman owns S&P calls; Finerman owns Russell 2000 Puts

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & URL PLC
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Mike Khouw
Cantor Fitzgerald is a market maker in (AA)
Cantor Fitzgerald is a market maker in (AAPL)
Cantor Fitzgerald is a market maker in (AMZN)
Cantor Fitzgerald is a market maker in (C)
Cantor Fitzgerald is a market maker in (CSCO)
Cantor Fitzgerald is a market maker in (CVS)
Cantor Fitzgerald is a market maker in (DAL)
Cantor Fitzgerald is a market maker in (EBAY)
Cantor Fitzgerald is a market maker in (GS)
Cantor Fitzgerald is a market maker in (JPM)
Cantor Fitzgerald is a market maker in (GOOG)
Cantor Fitzgerald is a market maker in (XLF)
Cantor Fitzgerald is a market maker in (XLE)
Cantor Fitzgerald is a market maker in (NFLX)
Cantor Fitzgerald is a market maker in (NYX)
Cantor Fitzgerald is a market maker in (MSFT)
Cantor Fitzgerald is a market maker in (YHOO)

For Karen Finerman
Finerman's firm owns (AAPL)
Finerman's firm owns (BP)
Finerman's Firm owns(CVS)
Finerman's firm owns (JPM) and (JPM) leaps
Finerman's firm owns (MSFT)
Finerman's firm owns (TGT)
Finerman's Firm owns (USO)

CNBC.com with wires.