Technical Analysis
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This is a segment of a column that was originally published on RealMoney on May 15 at 12 p.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Cree CREE got clobbered in 2006, dropping over 20 points between April and December. A year-end bounce failed, with the stock retesting the low in late January. Support held, and price has been on the recovery trail since that time. Note how it shot above the 200-day moving average on strong volume three weeks ago. The stock is still testing the boundaries of the late-April surge and needs to hang on in order to continue the nascent uptrend. Accumulation looks constructive, so be on the lookout for buyers to emerge in the next week or two. After it trades above 20 for a few sessions, momentum should increase and carry price another 3 to 5 points. (Please see chart below.)
Click here to see more of Alan's charts. If you'd like to read a primer on technical analysis, please click here.
A stock doesn't have to be hitting a 52-week high to be a good trade candidate.
Now trading above all its moving averages, the stock looks poised to move.
A surprising number of liquid stocks are stuck at or near their yearly lows this May.
A few of the rallying index's components now offer attractive entries.
The display maker finally seems to be out of the doldrums.
Cree slides after cutting its second-quarter forecast.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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