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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cree, Inc.    CREE

CREE, INC. (CREE)
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End of the technical recovery

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11/09/2012 | 03:13pm

The share is meeting an important level. We suggest caution because this point could stop the bullish trend.

From a fundamental viewpoint, firstly, we note the high valuation of the company. PER for the current year is at 46.44x and expected at 26.93x for next year. With a valuation ratio of 2.2x, the group appears overvalued compared to its business activity.

From a technical viewpoint, the proximity of the USD 32.1 medium-term resistance limits the upside potential on the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.

The graphical configuration argues to establish a short position at the current price. The end of the technical rebound, the consolidation phase and overbought situation, there are all the characteristics for short selling. The first objective will be fixed near the USD 28.6 short term support and by extension the USD 22.8 area. This strategy should be protected by a stop loss above USD 32.1.


© Zonebourse.com 2012
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2018 1 405 M
EBIT 2018 6,97 M
Net income 2018 -76,2 M
Finance 2018 297 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 2,34x
EV / Sales 2019 2,23x
Capitalization 3 593 M
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Chart CREE, INC.
Duration : Period : Day
Cree, Inc. Technical Analysis Chart | CREE | US2254471012 | 4-Traders
Duration : Period : Week
Cree, Inc. Technical Analysis Chart | CREE | US2254471012 | 4-Traders