Time to take profits on CREE
I love CREE! I think it has the right product for the next decade and will become a major lighting company on planet earth.
But today, I think it is over valued. The 200 day moving average is around $40 and the current price is around $55, roughly a 38 percent premium over the 200 day. The 20 day moving average has rolled over and has a negative slope and the 50 day is approach a slope of 0 very fast.
Save yourself a 27 percent decline in the price, sell today buy in May.
But today, I think it is over valued. The 200 day moving average is around $40 and the current price is around $55, roughly a 38 percent premium over the 200 day. The 20 day moving average has rolled over and has a negative slope and the 50 day is approach a slope of 0 very fast.
Save yourself a 27 percent decline in the price, sell today buy in May.
Posted by Bradley Fluetsch at 2/5/2010 8:08 AM 
Categories: Speculation
Tags: green Cree semi-conductor stock equity LED moving electricity average
Categories: Speculation
Tags: green Cree semi-conductor stock equity LED moving electricity average
Comments