Pops & Drops: American Eagle, Valero...

Following are moves you might have missed.

Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!

The Mover: American Eagle Outfitters (AEO) dropped 10%
Trader Comment: They’re talking about how heavy promotions have hurt them, says Tim Seymour. I don’t think the stock is coming back.

The Mover: Valero (VLO) dropped 3%.
Trader Comment: Refining margins are getting crushed, says Dennis Gartman. Margins will expand back out in the spring, but they’ve had problems.

The Mover: Dendreon (DNDN) popped 40%
Trader Comment: A larger than expected number of doctors are using their drug to treat prostate cancer, explains Jon Najarian. It's effective but expensive.

The Mover: Lululemon (LULU) popped 2%.
Trader Comment: I have it on my radar, says Joe Terranova. It’s about to make a golden cross, a bullish technical pattern.

The Mover: Marvell Tech (MRVL) popped 7%
Trader Comment: Normura said they could supply the chip for the new Google TV, says Brian Kelly. That’s huge. I’m a buyer on a pullback.

The Mover: Schlumberger (SLB) dropped 2%
Trader Comment: All the names in this space were beaten up, says Scott Nations. I just don’t see it getting better.





______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to fastmoney@cnbc.com.


Trader disclosure: On Jan 5, 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 APC; Terranova owns OXY; Terranova owns XOM; Terranova owns VRTS; Terranova owns IBM; Terranova owns CSCO; Terranova owns AXP; Terranova owns SBUX; Terranova owns CSX; Terranova owns SWN; Terranova owns AXP; Najarian is long call spreads AAPL; Najarian is long call spreads BAC; Najarian is long call spreads C; Najarian is long call spreads JPM; Najarian is long call spreads ORCL; Najarian is long call spreads DNDN; Najarian is long call spreads PNC; Najarian is long call spreads FDO; Najarian is long call spreads DLTR; Najarian is long call spreads DG

For Scot Ciccarelli
No disclosures

For Dana Telsey
No disclosures

For Brian Kelly
Shelter Harbor Capital is long KRE,
Shelter Harbor Capital is long IWM
Shelter Harbor Capital is long GLD
Shelter Harbor Capital is long SLV
Shelter Harbor Capital is long XLU
Shelter Harbor Capital is short Yen
Shelter Harbor Capital is short Yen Pound
Shelter Harbor Capital is short Yen Swiss franc
Shelter Harbor Capital is short Yen UTX
Shelter Harbor Capital is short Yen CS
Shelter Harbor Capital is short Yen UBS
Shelter Harbor Capital is short Yen EWY

For Scott Nations
Nation is long BAC
Nation is long C
Nation is long SPY

For Dan Dicker
Dicker is long crude oil futures
Dicker is long TSO
Dicker is short call options

For Chris Whalen
No disclosures

For Kulbinder Garcha
Credit Suisse is a market maker in securities of NOK