Long
CREE, 50-day MA moved above its 200-MA on June 15
A buy signal is generated. In 3 of 3 cases where CREE's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further (4%) within the subsequent month. It means that the odds of a continued Uptrend are 100% but if I give a discount 10% for the uncertainty then the odds of success are 90%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.