Tuesday, September 29, 2009

CREE (CREE)

Earlier this week CREE was one of the few stocks we suggested to watch for an intermediate term long. We feel this is a stock that could move to fresh 52 week highs in a continuing market uptrend.

In spite of our cautious stance toward the market at this juncture we like the early volume in the stock today and are taking a long as price passes resistance around $36.75 with a stop under the low of the day.

No comments:

Post a Comment