CREE
By Steve Abraham on Dec 13, 2007
According to Yahoo Finance Cree, Inc. develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN), and related compounds. The charts looks to be forming a right shoulder. It hard to tell where this stock is going but if it breaks the support line again, we could see some serious downward action. Here is the chart:
5 Responses to “CREE”
The distance lines being showed are not indicative of the other trade patterns. Wizetrade shows more depth.
Target 32.50
This stock reminds me of the Rocky Mountains. Peaks and Valleys, Creeks and Dames. There’s too much ups and downs.Wizetrade doesn’t have to tell me. I already know. Stay far far away.
CREE is definately NOT a stock for the faint of heart. Volatility is its middle. As of 2/8/08 CREE closed above its day trading resistance bias. Day traders should watch the support of $31.59. See other NASDAQ traded stocks at forensictrader.com dispalying significant volatility.
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This trade is too rocky to make based on one 9 month still image. Wizetrade gives me a 1 year spread and tells me when to get in and when to get out. I made a $3K profit last week in it’s most unstable condition.