RED HAT INC
(RHAT-Nasdaq):
Technical Viewpoint: From a low
of $18.00 on Aug 3, 2000 prices
rallied, reaching a
high of $26 1/8
on Aug 16, 2000. A
decline saw prices pull back, reaching a
low of
$22 1/8 on Aug 23, 2000.
Another rally saw prices penetrate
resistance, closing 9/1/00
at $26.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 22, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.00. Resistance: Is at $28 7/8.
Point & Figure: Reversed to the upside on Aug 24, 2000. A P&F upside
reversal takes place at $24 3/4. Summary: Technical indicators have turned bullish. BUY! RED HAT INC
(RHAT-Nasdaq) @ $27 1/8 Stop: Use a protective stop of $25 1/8.
RED HAT INC is currently trading @ $26.69 plus $1.56 on Sep 1, 2000. Price Objective:
$42.00. Risk/Reward: $2.00 VS. $14 7/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$42.00
Risk/Reward:
$2.00 VS. $14 7/8
Risk/Reward Ratio:
7:1
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