What is going on with CREE?
My favorite clean energy play for the past several years has been CREE, a manufacturer of Light Emitting Diodes or LEDs.
I see the price down here, so I run the chart a two year with 50 day and 200 day moving averages.
It was a great play two years ago, but you can see the last year has been filled indecision and no direction.
The market of LEDs is rapidly expanding and competitors are multiplying like rabbits. CREE is still the leader, but this chart suggests the it is having its lunch eaten.
First, LED market will continue to expand. Second, CREE has the lead in designing new and practical products. While the chart suggests a weak stock with negative slopes on both 50 and 200 day moving averages, I like the way it has consolidated here at $49-50. If you don't own it now, take a nibble, up to two percent of your account.
I see the price down here, so I run the chart a two year with 50 day and 200 day moving averages.
It was a great play two years ago, but you can see the last year has been filled indecision and no direction.
The market of LEDs is rapidly expanding and competitors are multiplying like rabbits. CREE is still the leader, but this chart suggests the it is having its lunch eaten.
First, LED market will continue to expand. Second, CREE has the lead in designing new and practical products. While the chart suggests a weak stock with negative slopes on both 50 and 200 day moving averages, I like the way it has consolidated here at $49-50. If you don't own it now, take a nibble, up to two percent of your account.
Posted by Bradley Fluetsch at 3/8/2011 7:11 AM 
Categories: Speculation
Tags: LED Light emitting diode CREE stock bond investment retirement IRA speculation
Categories: Speculation
Tags: LED Light emitting diode CREE stock bond investment retirement IRA speculation
It's good article. as we are in a very advanced generation so we should use new technology and application for each and every thing.
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