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Cree Inc Bullish Moving Average Crossover Alert (CREE)

By Amy Schwartz

Today, shares of Cree Inc (NASDAQ:CREE) have advanced above their 10-day MA of $57.50 on a volume of 471K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $59.15, 75% above that low. The 200-day and 50-day moving averages have moved 0.62% higher and 1.4% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cree Inc on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $61.72. Since that call, shares of Cree Inc have fallen 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cree inc

Ticker(s): CREE