RED HAT INC
(RHAT-Nasdaq):
Technical Viewpoint: From a low
of $210.00 on Dec 15, 1999 prices
rallied, reaching a
high of $268.81
on Dec 20, 1999. A
decline saw prices pull back, reaching a
low of
$211.00 on Dec 31, 1999.
Another rally saw prices penetrate
resistance, closing 1/7/00
at $264 1/2. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jan 7, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $228 1/4. Resistance: Is at $294.00.
Point & Figure: Reversed to the upside on Jan 7, 2000. A P&F upside
reversal takes place at $255.00. Summary: Technical indicators have turned bullish. BUY! RED HAT INC
(RHAT-Nasdaq) @ $267 1/2 Stop: Use a protective stop of $263 7/8.
RED HAT INC is currently trading @ $264 1/2 plus $36.00 on Jan 7, 2000. Price Objective:
$360.00. Risk/Reward: $3 5/8 VS. $92 1/2. Today's Risk Reward Ratio: 25:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$360.00
Risk/Reward:
$3 5/8 VS. $92 1/2
Risk/Reward Ratio:
25:1
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