Red Hat (RHT) Offering Possible 11.11% Return Over the Next 22 Calendar Days

Red Hat's most recent trend suggests a bullish bias. One trading opportunity on Red Hat is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 11.11% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $90.00 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 59.69 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

Red Hat earnings suggest hybrid cloud is here to stay
Tue, 27 Jun 2017 14:49:01 +0000
AWS isn't the only vendor lighting the cloud on fire. Red Hat's outsized earnings suggest that its hybrid strategy is a winner, too

6 Technology Stocks Near 52-Week Highs Worth Investing In
Tue, 27 Jun 2017 14:45:02 +0000
Investing in stocks near their 52-week high is akin to following the momentum strategy, which is based on the understanding that once a trend is established, it is likely to continue.

[$$] Red Hat Looks Likely to Remain Red Hot
Sat, 24 Jun 2017 04:22:00 +0000
Follow Up: Foot Locker | Follow Up: Cigna | Review | Preview Red Hat is benefiting from big cloud deals, and its shares are gaining altitude. Barron’s recommended Red Hat stock (RHT) just over a year ago at $73 (“Red Hat Could Rise 30% in a Year,” May 21, 2016). Don’t be alarmed that Red Hat is best known as a distributor of Linux, an open-source computer operating system that’s available for free.

Cramer’s Exec Cut: These CEOs are ready to modernize Amer…
Fri, 23 Jun 2017 23:10:00 +0000
Jim Cramer spoke with top executives about their interactions with the White House and plans to keep the U.S. competitive by modernizing the workforce.

By the numbers: Red Hat execs' total compensation dips for fiscal 2017
Fri, 23 Jun 2017 15:20:11 +0000
When it comes to total compensation, including stock awards, Red Hat (NYSE: RHT) CEO Jim Whitehurst saw a dip in fiscal 2017 earnings, according to a proxy statement. That’s as the Raleigh-based open-source …

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