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Bullish Moving Average Cross by Red Hat Inc (RHT)

By Amy Schwartz

Red Hat Inc (NYSE:RHT) shares have crossed bullishly above their 10-day moving average of $148.36 on a volume of 388K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Red Hat Inc has traded in a range of $104.51 to $177.70 and is now at $148.74, 42% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.82% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Red Hat Inc and will alert subscribers who have RHT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses red hat inc

Ticker(s): RHT