CREE, daily
Summary
There isn't much to say on CREE. I kinda keep an eye on it most weeks, I like the company, but today's lowered outlook was not exactly inspiring.
CREE saw huge sell side volume today, and the broader price trend has been dire across the entire year. CREE looks set to continue its multi-month decline, with next support in the $30/25 zone. If the main market gets knocked lower to at least sp'1800, then CREE will almost certainly be around $25.
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*I have no position, but would actually consider going long, if $25 in early 2015.
