• Return to Headlines

Shares of RHT Up 31.2% Since Uptrend Call on Shares

By James Quinn

SmarTrend identified an Uptrend for Red Hat Inc (NYSE:RHT) on February 14th, 2018 at $132.64. In approximately 4 months, Red Hat Inc has returned 31.20% as of today's recent price of $174.03.

In the past 52 weeks, shares of Red Hat Inc have traded between a low of $86.26 and a high of $175.61 and are now at $174.03, which is 102% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.8%.

Red Hat, Inc. develops and provides open source software and services, including the Red Hat Linux operating system. The Company's web site offers information and news about open source software and provides an online community of open source software users and developers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Red Hat Inc shares.

Log in and add Red Hat Inc (RHT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights red hat inc

Ticker(s): RHT