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Akamai & LVS Signal Move to Sidelines: Najarian

If you’re a short-term trader, market pro Jon Najarian says the recent price action in Akamai and LVS are sending valuable signals.

“In the case of Akamai the stock popped in extended trader after announcing earnings,” he says on CNBC's Fast Money Halftime Report. “But then it came right back down. If a stock gives up gains and reverses like that in extended trade, that’s a trouble sign.” Take profits.

And Najarian says the action in Las Vegas Sands is sending a similar signal.

Las Vegas Sands beat on the top and the bottom and yet the stock sold off. “Again, when you have relatively good news and a stock pulls back dramatically – it’s a sign to take profits.”

* It’s worth noting Najarian is talking about short-term trading, not long-term investing.

** If you’re looking for an entry point, Najarian also says, if Las Vegas Sands trades down to $53, take a look, but not before.



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Trader disclosure: On Apr 26, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Stephanie Link is long AAPL; Stephanie Link is long IBM; Stephanie Link is long KO; Stephanie Link is long DD; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long MS; Pete Najarian is long INTC; Pete Najarian is long YHOO; Pete Najarian is long SBUX CALLS; Pete Najarian is long INTC CALLS; Pete Najarian is long COP; Pete Najarian is long PEP

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