Red Hat (RHT) Offering Possible 42.86% Return Over the Next 21 Calendar Days

Red Hat's most recent trend suggests a bearish bias. One trading opportunity on Red Hat is a Bear Call Spread using a strike $137.00 short call and a strike $142.00 long call offers a potential 42.86% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $137.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $142.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Red Hat is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Red Hat is bearish.

The RSI indicator is at 33.46 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Red Hat

Red Hat OpenShift Helps Make X by Orange’s Hardware-Free Vision of Business Communications Services a Reality
Wed, 26 Sep 2018 07:00:00 +0000
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that X By Orange, a subsidiary of Orange Spain focused on business-to-business (B2B) digital services, selected Red Hat as a core technology partner to help create its software-defined strategy with Red Hat OpenShift Container Platform in collaboration with Red Hat Consulting. With the industry’s most comprehensive enterprise Kubernetes platform, X by Orange is building a greenfield, cloud-native platform, enabling the service provider to embrace DevOps and agile development and more rapidly create and deliver digital services to business customers.

Red Hat's Bulls Should Return Soon
Mon, 24 Sep 2018 16:45:00 +0000
For his “Executive Decision” segment on Friday's Mad Money show, our own Jim Cramer checked in with Jim Whitehurst the CEO of Red Hat Inc. . The share price of this cloud company have declined the past four months.

Red Hat CEO Says Q2 Marks Enterprise Linux ‘Bottom'
Mon, 24 Sep 2018 14:37:25 +0000
Red Hat showed a miss on the sales line, while the enterprise Linux business grew at just 8 percent — a disappointing performance for a “cloud king” that should be showing a double-digit growth rate, Cramer said during his daily “Mad Money” show Friday. Whitehurst said the company decided around three years ago to lock in clients with three-year agreements on Linux to give the sales team sufficient time to cross-sell new products.

What Investors Should Know About Red Hat Inc’s (NYSE:RHT) Financial Strength
Sat, 22 Sep 2018 14:23:54 +0000
Red Hat Inc (NYSE:RHT), a large-cap worth US$23.73b, comes to mind for investors seeking a strong and reliable stock investment. One reason being its ‘too big to fail’ aura whichRead More…

Red Hat CEO: 'We expect this is the bottom' in enterprise…
Fri, 21 Sep 2018 22:39:00 +0000
Jim Cramer hears from Red Hat President and CEO Jim Whitehurst, who addresses his company's second-quarter revenue miss.

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