Red Hat (RHT) Offering Possible 29.87% Return Over the Next 21 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 $95.50 short put and a strike $90.50 long put offers a potential 29.87% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.50 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock dropped below the $90.50 long put 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 up which suggests that the medium-term momentum for Red Hat is bullish.

The RSI indicator is at 61.15 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

Progress Software Is Buying App Development Specialist Kinvey for $49 Million
Wed, 28 Jun 2017 20:10:04 +0000
The combined company aims to make apps that run anywhere.

Take a tour of Red Hat’s new Boston office, complete with a hidden speakeasy
Wed, 28 Jun 2017 19:12:05 +0000
“Some of our really good customers know what they use us for, but don’t know what else we can do,” Hopman said. The executive briefing center is a dark room lit by multiple touch screens, where potential customers can research different case studies from customers around the globe that have successfully used Red Hat technology, or just learn more about the company’s capabilities, from security to the Internet of Things to open source mobile storage and more.

The Zacks Analyst Blog Highlights: Coherent, Broadcom, Red Hat, EPAM Systems and MKS Instruments
Wed, 28 Jun 2017 13:30:01 +0000
The Zacks Analyst Blog Highlights: Coherent, Broadcom, Red Hat, EPAM Systems and MKS Instruments

Red Hat Opens the Doors to New Global Executive Briefing Center and Red Hat Open Innovation Labs in Boston
Wed, 28 Jun 2017 12:00:00 +0000
Red Hat, Inc. , the world's leading provider of open source solutions, today announced the opening of its new facility in the Seaport District of Boston. The space is home to Red Hat’s state-of-the-art Global Executive Briefing Center, a new Red Hat Engineering Lab, and the first U.S.

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

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