Cray Inc. (NASDAQ:CRAY) collapsed 30% today on the back of earnings results. The company missed expectations by $0.06. Today the price target was cut Stifel Nicolaus to $40.00. The drop is nasty but their is a glimmer of hope and a chance of profit. Cray Inc. fell straight into a HUGE level of support. At the $21.90 level, therei s a major gap fill and pivot highs. It would not be a stretch to expect a bounce off this level over the next few trading days.

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