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CREE Inc Gets LED Lower

Discussion in 'US Stocks' started by inthemoneystocks, Nov 17, 2014.

  1. inthemoneystocks

    inthemoneystocks New Member

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    This morning, leading light emitting diode (LED), and semiconductor manufacturer Cree Inc (NASDAQ:CREE) is trading lower at the start of the trading session. Recently, CREE's stock price has stalled out on the daily chart around the $35.70 level. This resistance area is an important lower gap window from October 2, 2014. Often, gap windows will serve as major chart resistance when retested. Today, CREE stock is trading lower by 0.70 cents to $34.87 a share. Day traders should watch the $33.36 level for intra-day support. This is an area where day-traders can look for an intra-day bounce in the stock.



    Nick Santiago
    InTheMoneyStocks
     
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