Red Hat (RHT) Offering Possible 10.47% Return Over the Next 16 Calendar Days

Red Hat's most recent trend suggests a bearish bias. One trading opportunity on Red Hat is a Bear Call Spread using a strike $80.50 short call and a strike $90.00 long call offers a potential 10.47% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $8.60 would be incurred if the stock rose above the $90.00 long call 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 74.69 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

Loads of Insider Selling at Red Hat Inc. (RHT) and Argan Inc. (AGX), Plus 3 Other Notable Insider Moves
Wed, 05 Oct 2016 08:07:56 GMT

How Red Hat's strategy has changed with the times
Mon, 03 Oct 2016 00:55:00 GMT

RED HAT INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Mon, 26 Sep 2016 20:29:10 GMT

ETF’s with exposure to Red Hat, Inc. : September 26, 2016
Mon, 26 Sep 2016 15:18:04 GMT

Red Hat Announces Ansible Tower App for Splunk, Enabling Intelligence and Automation Enhancements
Mon, 26 Sep 2016 13:09:03 GMT
noodls – RALEIGH, N.C. – September 26, 2016- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the availability of the Ansible Tower App for Splunk, an application …

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