RED HAT INC
(RHAT-Nasdaq):
Technical Viewpoint: From a low
of $72.00 on Oct 25, 1999 prices
rallied, reaching a
high of $93 /12
on Nov 1, 1999. A
decline saw prices pull back, reaching a
low of
$83.44 on Nov 5, 1999.
Another rally saw prices penetrate
resistance, closing 11/23/99
at $143 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 8, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $129.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 23, 1999. A P&F upside
reversal takes place at $135.00. Summary: Technical indicators have turned bullish. BUY! RED HAT INC
(RHAT-Nasdaq) @ $146 1/8 Stop: Use a protective stop of $142 1/2.
RED HAT INC is currently trading @ $143 3/4 plus $19 1/4 on Nov 23, 1999. Price Objective:
$182 1/2. Risk/Reward: $3 5/8 VS. $36 3/8. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$182 1/2
Risk/Reward:
$3 5/8 VS. $36 3/8
Risk/Reward Ratio:
10:1
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