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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?


To: Tom Swift who wrote (3285)12/14/1998 9:42:00 AM
From: Larry Voyles  Read Replies (1) | Respond to of 12872
 
CREE: TA Monkey sez:

CREE has had a nice pullback, which looks to be an invitation to buy. Price Oscillators look to be swinging back on the upside, Momentum has been dropping like a rock recently, but has taken a nice bounce (dead cat?) off zero. Money Flow is in respectable, but not great shape. One really worrisome thing is that MACD has *just* crossed at a peak, which is usually a sign of a weather change. However, CREE did a "fake cross" back in November and continued to rise and this cross could be the same thing. RSI seems to have taken a short break and shows a nice little hook upwards from Friday.

Overall analysis: The picture is not absolutely clear because of MACD crossing. Watch it carefully and pick it up if it shows signs of trading consistently up.