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JimVanMeerten (63.02)

Cree Inc - CREE -- sell signals

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January 19, 2011 – Comments (2) | RELATED TICKERS: CREE

This morning I deleted Cree Inc (CREE) from the Barchart Van Meerten New High portfolio for negative price trends:

1 - 60% Barchart short term technical sell signal

2 - Trend Spotter (tm) sell signal

3 - Trading below its 20 and 50 day moving averages

4 - 9.39% off its most recent high

5 - Relative Strength Index 38.04% and falling

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.


Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

2 Comments – Post Your Own

#1) On January 19, 2011 at 11:13 AM, SweetMircha (91.13) wrote:

I guess I'm a contrarian or Value Investor because I just put in a bid of $42.88 p/sh for a mere 100 shares. I've been waiting for the price to drop which it's done today. I like their green energy profile even though it doesn't pay any dividends which are very important to me even more so.

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#2) On February 14, 2011 at 1:04 PM, SweetMircha (91.13) wrote:

Jim, would you think that after Cree's downfall, it's suddenly had a spiffypop?

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