Market Overview

Red Hat: Making a Move, Up 2.6% (RHT)

(via COMTEX News Network)--

Red Hat (NYSE: RHT) is one of today's notable stocks on the rise, up 2.6% to $48.15. The S&P is currently trading 0.7% higher to 1,232 and the Dow Jones Industrial Average is trading 0.6% higher to 11,436.

Red Hat is in SmarTrend's Application Software industry and this industry is currently in an Uptrend according to our research. We are monitoring many other stocks on the move within this industry.

In the last five trading sessions, the 50-day MA has climbed 1.73% while the 200-day MA has risen 1.28%.

In the past 52 weeks, shares of Red Hat have traded between a low of $26.51 and a high of $47.64 and are now at $48.15, which is 82% above that low price.

SmarTrend currently has shares of Red Hat in an Uptrend and issued the Uptrend alert on October 29, 2010 at $42.22. The stock has risen 11.1% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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