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Bullish Moving Average Cross by Cree (CREE)

By Shiri Gupta

Today, shares of Cree (NASDAQ:CREE) have advanced above their 10-day MA of $22.77 on a volume of 226K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Cree have traded between a low of $22.10 and a high of $32.92 and are now at $23.06, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cree on March 7th, 2016 by issuing a Downtrend alert when the shares were trading at $29.45. Since that call, shares of Cree have fallen 23.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): CREE