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RED HAT INC
(RHAT-Nasdaq):
Technical Viewpoint: From a low
of $15.00 on May 24, 2000 prices
rallied, reaching a
high of $36.00
on Jun 22, 2000. A
decline saw prices pull back, reaching a
low of
$22.00 on Jul 11, 2000.
Another rally saw prices penetrate
resistance, closing 7/17/00
at $28 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 17, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.00. Resistance: Is at $36.00.
Point & Figure: Reversed to the upside on Jul 14, 2000. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! RED HAT INC
(RHAT-Nasdaq) @ $29 1/8 Stop: Use a protective stop of $27 1/8.
RED HAT INC is currently trading @ $28 5/8 plus $3 5/8 on Jul 17, 2000. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $15 7/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2.00 VS. $15 7/8
Risk/Reward Ratio:
8:1
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