Red Hat's most recent trend suggests a bullish bias. One trading opportunity on Red Hat is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 17.65% 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 $70.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $65.00 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 75.47 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
Street Talk: CHD, CIEN, NLS, RHT & SONS
Tue, 23 Dec 2014 19:30:00 GMT
Red Hat Gets Buy Rating As It Ascends In The Cloud
Tue, 23 Dec 2014 17:11:00 GMT
Investor's Business Daily – Red Hat (RHT) looks ready to leverage its position as the No. 1 provider of Linux-based open-source operating-system software as it moves deeper into fast-growing areas such as the cloud. So concludes …
Will Red Hat (RHT) Stock be Helped Today by This Ratings Initiation?
Tue, 23 Dec 2014 13:34:00 GMT
TheStreet – Red Hat (RHT) was initiated with a ‘buy' rating at Cantor Fitzgerald.
Cramer: Sony a laughing stock
Mon, 22 Dec 2014 14:09:00 GMT
Red Hat (RHT) Earnings Report: Q3 2015 Conference Call Transcript
Sun, 21 Dec 2014 16:03:00 GMT
TheStreet – The following Red Hat (RHT) conference call took place on December 19, 2014, 05:00 PM ET. This is a transcript of that earnings call:
Related Posts
Also on Market Tamer…
Follow Us on Facebook