CREE INCORPORATED (CREE-Nasdaq): Technical Viewpoint: From a low of $21.07 on Aug 6, 2004 prices rallied, reaching a high of $25.83 on Aug 27, 2004. A decline saw prices pull back, reaching a low of $24.00 on Sep 7, 2004. Another rally saw prices penetrate resistance, closing 9/10/04 at $27.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 2, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $24.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 10, 2004. A P&F upside reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! CREE INCORPORATED (CREE-Nasdaq) @ $28.13 Stop: Use a protective stop of $26.13. CREE INCORPORATED is currently trading @ $27.90 plus $2.12 on Sep 10, 2004. Price Objective: $38.00. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1