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Cree Inc Bearish Moving Average Crossover Alert (CREE)

By Nick Russo

Today, shares of Cree Inc (NASDAQ:CREE) have fallen below their 10-day MA of $63.99 on a volume of 217K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cree Inc has traded in a range of $33.72 to $69.21 and is now at $63.25, 88% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

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

Keywords: moving crosses cree inc

Ticker(s): CREE