Chart of the Day – Cree, Inc. (CREE)

Cree is setting up for a $15-$18 move higher by year-end


Today’s chart of the day is Cree, Inc. (NASDAQ: CREE).

The stock broke out of a bullish continuation wedge two weeks ago, and has been consolidating since then. Once the consolidation is complete, we should see a $15-$18 move higher by the end of December or early January.

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