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Tale of the Tape

Cree, Inc. ’s (CREE - Snapshot Report) share price has entered into oversold territory with an RSI value of 29.12. The Zacks Consensus Estimate on Cree, Inc.’s earnings for the full year period have moved higher by 5 cents over the past two months to $1.59 per share. Currently, Cree, a Zacks #2 Rank (“Buy”), suggesting that now might be a good time to get in on (CREE - Snapshot Report) after its recent drop.