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Technology Stocks : Wolf speed
WOLF 18.340.0%9:30 AM EST
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To: tekboy who wrote (5358)5/10/2001 11:07:31 AM
From: Exacctnt  Read Replies (1) of 10714
 
11:04 ET Cree (CREE) 27.50 +1.26 (+4.8%): -- Technical -- Tests a solid resistance barrier near 28 (series of lows from Nov/Mid-Feb, 62% off late Jan high) and pulls back. For the short term while 27/26.50 is intact there is potential for another run at this ceiling. Overbought posture argues that: 1) if breach is seen it may prove difficult to sustain (next resistance 28.5/29) or 2) will prove unable to maintain current momentum with focus shifting back to next support near 25.

Regards
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