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Bearish Moving Average Cross by Cree Inc (CREE)

By David Diaz

Cree Inc (NASDAQ:CREE) shares have crossed bearishly below their 10-day moving average of $66.51 on a volume of 206K 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 Inc share prices have been bracketed by a low of $33.72 and a high of $69.21 and are now at $65.60, 95% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.5%.

SmarTrend is monitoring the recent change of momentum in Cree Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cree Inc in search of a potential trend change.

Keywords: moving crosses cree inc

Ticker(s): CREE