'Fast Money' Recap: Correction Coming?

In the chartology segment, Greg Troccoli, director of technical research for Opalesque, said he doesn't have as dim of a view of the market as some of the pessimists on the panel. He said he doesn't think "we are extremely overbought and wants to see some signs of weakness." He said oil could head to $89 a barrel if it moves above $76 on the weekly close. If it doesn't, it could be heading for a retracement, he added.

In the options pit, Najarian said he had seen heavy call activity in Citrix(CTXS). He also noted the 800% jump in two months in the stock price of Human Genome Sciences(HGSI), from $2.50 on July 9 to $20.65 at today's close. The latter moved higher today on speculation of a takeover bid by its partner.

In the final trades, Terranova said he liked Buckle(BKE). Adami said he would take profits on Hartford Financial Services(HIG), while Cortes said he would short the British pound through CurrencyShares British Pound Sterling Tr(FXB). Najarian said he liked Citrix.

-- Written by David Tong in San Francisco

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