Something more 50 & 50 basic for a while at daily chart. CREE will report earnings tomorrow after market closing, looks alike RSI 50 + Moving Average 50 trying to hold with mild positive volume.

Pattern looks alike inverted head & shoulder. Stock has been trading big turns allways based for fib numbers by itself, 34, 21, 27 (GANN), and latest bottom price as around 13 $ sounds like a one more. Bottom price was also 50% correction since last top.