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Bearish Moving Average Cross by Cree (CREE)

By David Diaz

Today, shares of Cree (NASDAQ:CREE) have crossed bearishly below their 10-day moving average of $27.31 on a volume of 4.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cree share prices have been bracketed by a low of $22.10 and a high of $32.92 and are now at $23.21, 5% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 2.11% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Cree and will alert subscribers who have CREE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): CREE