Red Hat's most recent trend suggests a bearish bias. One trading opportunity on Red Hat is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 13.64% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $57.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Red Hat is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Red Hat is bearish.
The RSI indicator is at 26.77 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 Provides CERN with a Platform for Mission-Critical Applications
Tue, 15 Apr 2014 13:00:00 GMT
Business Wire – Red Hat, Inc. , the world's leading provider of open source solutions, today announced that CERN, the European Organization for Nuclear Research, has deployed Red Hat Enterprise Linux, Red Hat Enterprise Virtualization and Red Hat Technical Account Management services to provide a reliable and stable platform for mission-critical applications.
NYSE stocks posting largest percentage decreases
Mon, 14 Apr 2014 22:02:01 GMT
AP – A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.: Global Cash Access Holdings Inc. fell 15.7 percent to $6.69. International Game Technology fell 8.9 percent to $13.53. …
RED HAT INC Files SEC form 8-K, Regulation FD Disclosure
Mon, 14 Apr 2014 17:21:27 GMT
Red Hat Takes the Guesswork out of Cloud, Hybrid and Internet-of-Things Integration
Mon, 14 Apr 2014 17:00:00 GMT
Business Wire – Red Hat, Inc. , the world's leading provider of open source solutions, today announced the availability of Red Hat JBoss Fuse 6.1 and Red Hat JBoss A-MQ 6.1, its standards-based integration and messaging products.
Red Hat Honors Outstanding Open Source Advancement with Eighth Annual Red Hat Innovation Awards
Mon, 14 Apr 2014 16:00:00 GMT
Business Wire – Red Hat, Inc. , the world’s leading provider of open source solutions, today announced the finalists for the eighth annual Red Hat Innovation Awards. The awards program
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