This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chart of the Day: Cree

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 readers.

For more information about subscribing to
RealMoney, please click here .

Cree (CREE - Get Report) 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 .
At the time of publication, Farley had no positions in the stocks mentioned, although holdings can change at any time.

Alan Farley is a professional trader and author of The Master Swing Trader . Farley also runs a Web site called, an online resource for trading education, technical analysis and short-term investment strategies. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Farley appreciates your feedback; click here to send him an email. Also, click here to sign up for Farley's premium subscription product The Daily Swing Trade brought to you exclusively by has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CREE $25.70 -0.46%
AAPL $108.81 -1.80%
FB $91.33 -1.20%
GOOG $630.68 -1.80%
TSLA $225.89 -2.60%


Chart of I:DJI
DOW 16,919.07 +6.78 0.04%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,746.5910 -44.5610 -0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs