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Tale of the Tape

Zacks Equity Research

Cree, Inc Enters Oversold Territory
August 16, 2013

CREE

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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, Inc.is a Zacks #2 Rank (“Buy”), suggesting that now might be a good time to get in on (CREE - Snapshot Report) after its recent drop.