Cree Inc (CREE): Price Now Near $98.09; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for CREE

Currently, CREE (Get Ratings)’s price is down $-0.67 (-0.68%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

CREE ranks 123rd in terms of today’s price percentage change out of Electronic Equipment stocks.

CREE’s Technical Outlook on the Daily Chart

At the moment, CREE’s price is down $-0.38 (-0.39%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows CREE’s price action over the past 90 days.

CREE

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