Red Hat's most recent trend suggests a bullish bias. One trading opportunity on Red Hat is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 7.53% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $52.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Red Hat is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Red Hat is bullish.
The RSI indicator is at 41.53 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Red Hat
RED HAT INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
Tue, 07 Oct 2014 20:07:52 GMT
Nominations Open for Red Hat Innovation Awards 2015
Tue, 07 Oct 2014 12:00:00 GMT
Business Wire – Red Hat, Inc. , the world's leading provider of open source solutions, today announced nominations are open for the ninth annual Red Hat Innovation Awards, which will be
Apprenda Extends Its PaaS And Aims A Kick In The Direction Of Red Hat
Mon, 06 Oct 2014 11:00:00 GMT
Forbes – A couple of years ago many cloud commentators (myself included) were loudly proclaiming that Platform as a Service (PaaS) was the future of the cloud. As we saw it, the higher value that came from moving up the stack and delivering not just virtual infrastructure, but the entire platform upon […]
[$$] Convertible Bonds Take Off in Low-Yield Era
Mon, 06 Oct 2014 05:10:56 GMT
The Wall Street Journal – Summer may be over, but top-down, hit-the-accelerator time has arrived for companies selling convertible bonds.
RED HAT INC Financials
Sat, 04 Oct 2014 17:04:09 GMT
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