Red Hat (RHT) Offering Possible 6.38% Return Over the Next 3 Calendar Days

Red Hat's most recent trend suggests a bearish bias. One trading opportunity on Red Hat is a Bear Call Spread using a strike $124.00 short call and a strike $129.00 long call offers a potential 6.38% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $124.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $129.00 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 29.22 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Red Hat

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Cisco Systems (NASDAQ:CSCO) stock had a great 2018 … until October, when Cisco stock started started falling along with other technology stocks. While high volatility in the broader market is likely to continue for several more weeks, there are two mildly bearish plays in CSCO stock that I want to share with you, as each play could lead to impressive profits. Cisco, which is known for its networking hardware, such as routers and switches, has lately been diversifying into software and cloud support services.

Glancy Prongay & Murray LLP Continues Investigation on Behalf of Red Hat, Inc. Investors (RHT)
Wed, 10 Oct 2018 18:10:49 +0000
LOS ANGELES, Oct. 10, 2018 — Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Red Hat, Inc. (NYSE: RHT) investors concerning the Company and.

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From Iqvia's Bousbib to Red Hat's Whitehurst: Who made the most from inside stock sales in 3Q2018
Fri, 05 Oct 2018 16:31:27 +0000
From Iqvia to Red Hat to Bandwidth, insiders at Triangle companies continued to rake in millions in the third quarter by selling shares, U.S. Securities and Exchange Commission filings show.

Red Hat Drives Security Orchestration and Automation with New Ansible Capabilities
Tue, 02 Oct 2018 13:00:00 +0000
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today previewed new Ansible Automation integrations to help customers automate and orchestrate enterprise security solutions, further extending Red Hat’s leadership across the IT security landscape. Automation is an important component of digital transformation, helping to drive efficiency, deliver value faster, and solve IT and business workflow challenges. Starting with networks, Red Hat has been driving Ansible Automation into IT domains beyond operations, enabling users to more easily automate more tasks in more ways, including security tasks.

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