Trader Pete Najarian offered a word of caution on the retailer.
“When these things break, they do break kind of ugly, so you want to use your 50-day moving average as your barometer,” he said.
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Trader disclosure: On Dec. 16, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MH; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU; Kinahan is long C; Kinahan is long MSFT and short calls; Kinahan has INTC short puts; Kinahan is long YHOO;
For Greg Salvaggio
For Kena Sena
YAHOO (YHOO): Evercore or an affiliate expects to receive or intends to seek compensation for investment banking services from this subject company
For Toni Sacconaghi
Bernstein currently makes a market in the following companies AAPL / Apple Inc
For Tavis Mccourt
McCourt is long GLD
McCourt is long GOLDCORP
McCourt is long ELDORADO
McCourt is long BARRICK
For Jeff Kilburg
Kilburg is long 10 year treasuries
Kilburg is long 30 year treasuries