The heavily-shorted and badly beaten-down LED play CREE may finally be worth a look on the long side if it can clear $33, above.
On the daily chart, note the clear downtrend which has struggled at the 20-day moving average for a while now. A break above it would mark a short-term change in character for the stock and likely provide some type of relief.
Longer-term the picture is still ominous, especially given the GTAT(Q) action earlier this fall.
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Chess, any thoughts on TWTR?
Thanx!
Sloppy–neutral here.
Hey chess,
Love the info you put out there for everyone! What do you think of the gold miners here?
Thank you!
GDX needs to hold $17 for a rally.