• Return to Headlines

Cree Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Cree Inc (NASDAQ:CREE) traded today at $67.66, breaking its 52-week high. So far today approximately 217,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

In the past 52 weeks, shares of Cree Inc have traded between a low of $33.72 and a high of $67.66 and are now at $67.66, which is 101% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.7%.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency applications. The Company produces its products for indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.

Based on a current price of $67.66, Cree Inc is currently 37.9% above its average consensus analyst price target of $42.00. The stock should discover initial support at its 50-day moving average (MA) of $56.12 and subsequent support at its 200-day MA of $46.72.

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: 52 week high/lows cree inc

Ticker(s): CREE