Cree, Inc. $CREE Quick Short Level

Cree, Inc. (NASDAQ:CREE) has had a monster move higher. As it continues to surge in a weak market, the quick swing trade short level has emerged. Please note the chart below. This is a classic gap fill and double top level. Look for a one to two day pull back in the stock, good for about 5%. The level to short is $76.05.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com