Cree Busting the Wedge Higher

By: Scott Redler

Cree (CREE) was a slightly different pattern from Research in Motion (RIMM), but it too worked out very well. Check out what happened to Cree when the wedge broke to the upside. Here is the “before” chart from February 11th:

And here is the after, from today:

These patterns repeat themselves over and over again. Prudent investors/traders love the wedge pattern for its tendency to succeed.