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RED HAT INC
(RHAT-Nasdaq):
Technical Viewpoint: From a low
of $117 3/8 on Nov 19, 1999 prices
rallied, reaching a
high of $254.00
on Nov 29, 1999. A
decline saw prices pull back, reaching a
low of
$196.00 on Dec 3, 1999.
Another rally saw prices penetrate
resistance, closing 12/6/99
at $232 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 9, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $200.00. Resistance: Is at $239.00.
Point & Figure: Reversed to the upside on Dec 6, 1999. A P&F upside
reversal takes place at $222.00. Summary: Technical indicators have turned bullish. BUY! RED HAT INC
(RHAT-Nasdaq) @ $233 5/8 Stop: Use a protective stop of $229 7/8.
RED HAT INC is currently trading @ $232 1/8 plus $31 1/8 on Dec 6, 1999. Price Objective:
$275.00. Risk/Reward: $3 3/4 VS. $41 3/8. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$275.00
Risk/Reward:
$3 3/4 VS. $41 3/8
Risk/Reward Ratio:
11:1
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