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TMCNet:  Uptrend Call Working As Cree Stock Rises 20.9% (CREE)

[January 02, 2013]

Uptrend Call Working As Cree Stock Rises 20.9% (CREE)

Jan 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Cree (NASDAQ:CREE) on October 17th, 2012 at $28.78. In approximately 3 months, Cree has returned 20.92% as of today's recent price of $34.80.

In the past 52 weeks, Cree share prices have been bracketed by a low of $21.38 and a high of $35.12 and are now at $35.03, 64% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.1%.
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Cree, Inc. develops and manufactures semiconductor materials and electronic devices made from silicon carbide (SiC). The Company uses proprietary technology to make enabling compound semiconductors such as blue and green light emitting diodes, SiC crystals used in the production of unique gemstones, and SiC wafers that are sold for device production and research.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cree shares.Log in and add Cree (CREE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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