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Cree Declining With Trend-Confirming Volume (CREE)

By David Diaz

Cree shares are trading on heavy volume today, having fallen 14.1% to $21.65. Today's volume of 2.0 million shares tops the average 30-day volume of 1.8 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Cree and will alert subscribers who have CREE in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Cree have traded between the current low of $21.62 and a high of $32.92 and are now at $21.65. The 200-day and 50-day moving averages have moved 0.12% lower and 2.11% lower over the past week, respectively.

Keywords: unusual volume

Ticker(s): CREE