Trade-Ideas: Cree (CREE) Is Today's Post-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Cree ( CREE) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Cree as such a stock due to the following factors:

  • CREE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $62.5 million.
  • CREE is up 2.2% today from today's close.

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More details on CREE:

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. CREE has a PE ratio of 68. Currently there are 2 analysts that rate Cree a buy, 2 analysts rate it a sell, and 10 rate it a hold.

The average volume for Cree has been 1.9 million shares per day over the past 30 days. Cree has a market cap of $3.3 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.92 and a short float of 20.4% with 9.09 days to cover. Shares are down 5.4% year-to-date as of the close of trading on Tuesday.

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