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Cree Inc Bearish Moving Average Crossover Alert (CREE)

By Shiri Gupta

Cree Inc (NASDAQ:CREE) shares have crossed bearishly below their 10-day moving average of $50.17 on a volume of 262K 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 $49.95, 48% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.6%.

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