Red Hat's most recent trend suggests a bullish bias. One trading opportunity on Red Hat is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 12.36% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $8.90 would be incurred if the stock dropped below the $130.00 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 above 80 which suggests that the stock is in overbought territory.
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
Ansible exec talks growth 3 years after Red Hat buy
Wed, 18 Jul 2018 15:36:56 +0000
It’s been almost three years since Raleigh-based Red Hat closed on its buy of what was then a Durham-based automation software startup, Ansible.
Latest Version of Red Hat Ansible Engine Enables New Cloud, Network, and Windows Automation
Tue, 17 Jul 2018 13:00:00 +0000
Red Hat Ansible Engine 2.6 extends automation across AWS, Google Cloud Platform, Microsoft Azure, and VMware, brings new capabilities to network and Windows environments
See what the IHS Markit Score report has to say about Red Hat Inc.
Tue, 17 Jul 2018 12:04:06 +0000
Red Hat Inc NYSE:RHT
A Movement Builds as a Diverse Group of 14 Additional Leaders Seek Greater Predictability in Open Source Licensing
Mon, 16 Jul 2018 12:00:00 +0000
Red Hat, Inc. (RHT) today announced that Amazon, Arm, Canonical, GitLab, Intel Corporation, Liferay, Linaro, MariaDB, NEC, Pivotal, Royal Philips, SAS, Toyota and VMware have joined the roster of community and industry leaders in rejecting harsh tactics in the enforcement of open source licenses by adopting the GPL Cooperation Commitment.
Why Splunk Inc. Stock Fell 10.6% in June
Sat, 14 Jul 2018 02:01:00 +0000
And what investors should be watching going forward.
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