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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
Thu, 15 Jun 2017DojiMorning StarMon, 22 May 20170.02%
***Stock database and scans are updated around midnight (New York time) every trading day.
99.42 0.00 (0%) Jun 23 4:08pm EDT
Open: 98.86 Range: 98.06 - 100.14 Vol: 3.36M Avg Vol: 1.65M
EPS: 1.39 P/E ratio: 63.20 EBITDA: 419.35M Mkt Cap: 15.62B
Analyze "RHT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 89.35
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 88.82
Last Trade is above the 50 day moving average at 87.67
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 80.11
* 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 long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 73% of the time spent trading above the 200 day moving average. In the medium term, the 50 day moving average for RHT is very bullish, indicating good swing trading opportunities for longs. The 20 day moving average supports both the longer and medium term trends and is exhibiting very bullish characteristics. Unless key support levels currently at 80.11 and 87.67 are convincingly penetrated, the buy the dips strategy is still the higher probability trade. 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 $95.20* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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