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Cree Inc Crosses Above its 10-day MA (CREE)

By Amy Schwartz

Cree Inc (NASDAQ:CREE) shares have crossed bullishly above their 10-day moving average of $53.71 on a volume of 985K shares. Swing traders may find 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 $55.34 and is now at $55.34, 64% above that low. The 200-day and 50-day moving averages have moved 0.37% higher and 1.93% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cree Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.04. Since that recommendation, shares of Cree Inc have risen 19.0%. We continue to monitor CREE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cree inc

Ticker(s): CREE