Stock Investors Bid Up Shares of Cree, Up 11.3%
Cree (NASDAQ:CREE) is a company whose shares are active, trading 11.3% higher to $49.79. The Dow is up 0.7% to 14,232 and the S&P is currently up 0.7% to 1,536.
Cree is in SmarTrend's Semiconductor Equipment & Materials industry and this industry is currently in an Uptrend according to our research. We are monitoring many other stocks on the move within this industry.
Over the past year, Cree has traded in a range of $22.25 to $49.86 and is now at $49.79, 124% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.7%.
SmarTrend recommended that subscribers consider buying shares of Cree on January 23rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.74. Since that recommendation, shares of Cree have risen 12.5%. We continue to monitor CREE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: market movers