Red Hat Breaks Above 200-Day Moving Average - Bullish For RHT

In trading on Tuesday, shares of Red Hat Inc (RHT) crossed above their 200 day moving average of $52.76, changing hands as high as $53.00 per share. Red Hat Inc shares are currently trading up about 1.3% on the day. The chart below shows the one year performance of RHT shares, versus its 200 day moving average:

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Red Hat Inc 200 Day Moving Average Chart

Looking at the chart above, RHT's low point in its 52 week range is $46.34 per share, with $60.00 as the 52 week high point — that compares with a last trade of $52.75.

According to the ETF Finder at ETF Channel, RHT makes up 3.35% of the iShares S&P North American Technology-Software Index Fund ETF ( IGV) which is trading higher by about 1% on the day Tuesday.

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