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Stock pick for 12/28/2011

Stock pick for 12/28/2011


CREE - long

Technical view: CREE I will look for moment bounce and nothing for longer swing trade. For that we need to see stronger weekly sign. For now idea is bounce from 20sma 60 min and third try triangle possible run. That will be also second buying wave and from all this we could see that CREE have fairly good odds for run to daily 20sma or weekly 10sma. Also pay attention on 60 min 200sma resistance area. It is little aggresibe idea without seeing open action, but I hope you will understand idea. My interest is with 20sma bounce.





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