In additon, according to the Index ( ), CREE has bounced off the 30 mark twice. If it can break through 50, that would be a strong signal.
In the short run, is showing that the 12-day line is about to cross the 26-day line. which is another signal.
IMO , this could be a good entry point, if you're looking for long-term growth of about 20% for the next 6-12months. Assuming fundamentals stay at status quo.