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Bearish Moving Average Cross by Cree (CREE)

By James Quinn

Today, shares of Cree (NASDAQ:CREE) have crossed bearishly below their 10-day moving average of $24.83 on a volume of 5.1 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, shares of Cree have traded between the current low of $21.50 and a high of $32.92 and are now at $22.58. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.1%.

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