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Red Hat, Inc. (RHT) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer Software: Programming, Data Processing
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneHammerWed, 09 Aug 20172.79%
***Stock database and scans are updated around midnight (New York time) every trading day.
100.43 0.00 (0%) Aug 18 4:04pm EDT
Open: 100.54 Range: 100.15 - 101.18 Vol: 1.71M Avg Vol: 1.58M
EPS: 1.46 P/E ratio: 68.79 EBITDA: 432.71M Mkt Cap: 17.82B
Analyze "RHT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 100.51
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 99.14
Last Trade is above the 50 day moving average at 96.79
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 85.25
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of RHT

Stock Trend Analysis - Buy, Sell or Hold "Red Hat, Inc." (RHT)?

RHT is in a very strong uptrend. In the last 52 weeks, RHT has been trading above the 200 day moving average for 83% of the time with an average daily volume of 1.6M shares being traded. In the medium term, the 50 day moving average, currently at 96.79 for RHT is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by RHT's ability to stay over the 20 day moving average for more than 82.5% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter RHT are at the 50 and 200 SMAs currently at 96.79 and 85.25 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "RHT".

The analyst consensus estimates for the 1 year price target for this stock is $107.48* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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