Red Hat's most recent trend suggests a bullish bias. One trading opportunity on Red Hat is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 25% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $40.00 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 66.19 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Red Hat
Red Hat Drives IT Modernization and Scale with ServiceNow
Mon, 18 Nov 2013 14:38:55 GMT
noodls – IE BUMPER Leading Provider of Open Source Solutions Selects ServiceNow as a Single System of Record for Enterprise IT SANTA CLARA, Calif. – Nov. 18, 2013 – ServiceNow® (NYSE: NOW), the enterprise IT cloud …
Wal-Mart, Kohls Offer Picture of Sluggish Recovery
Thu, 14 Nov 2013 12:23:00 GMT
TheStreet – Wal-Mart reported earnings this morning, Nordstrom and Kohl's will follow later today. Jim Cramer's got a new buy rating on a tech company he says is poised to rebound.
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Wed, 13 Nov 2013 20:41:08 GMT
CNBC – The “Fast Money” traders share their final trades of the day.
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Wed, 13 Nov 2013 17:58:00 GMT
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Red Hat advances after firm raises rating on shares
Wed, 13 Nov 2013 15:04:32 GMT
theflyonthewall.com – Red Hat advances after firm raises rating on shares
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