Cree Inc. (CREE) opened at 32.52. So far today, the stock has hit a low of 32.48 and a high of 34.35. CREE is now trading at 34.12, up 2.11 (6.49%). The stock hit its 52 week high of 34.35 today and set its 52 week low of 15.25 in December. The stock has been generally up this year, showing some signs of weakness in July and August. CREE rose to a new 52-week high today on no significant news. The stock made a new high yesterday on renewed rumors that General Electric (GE) might buy Cree. Technical indicators for the stock are neutral and improving. If you’re looking for a hedged play on this stock, consider a December bull-put credit spread below the $22.50 range. CREE stock could fall up to 34.1% before expiration and this position would still be profitable. [RHF- Seven Summits Strategic Investments NewsBite]