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Cree Inc Bearish Moving Average Crossover Alert (CREE)

By David Diaz

Cree Inc (NASDAQ:CREE) crossed under its 10-day moving average of $46.14 on a volume of 1.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Cree Inc share prices have moved between a 52-week high of $69.21 and a 52-week low of $35.91 and are now trading 27% above that low price at $45.62 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 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