RedHat (RHT) : Breakthrough Resistance

RedHat (RHT) breakthrough its resistance at 23.34 with a small gap up in the opening today. This is a bullish sign considering the recent bullish Tenkan sen – Kijun sen cross which I posted earlier. However, on the Weekly Chart, there is an immediate resistance at 24.52. (Many thanks to K from InvestIdeas for highlighting… Continue reading RedHat (RHT) : Breakthrough Resistance

RedHat (RHT) : Bullish Cross with a Resistant

RedHat just had a bullish cross a few days back (31 August 2009). The cross comes from a rebound off the kumo support at the same time, it is now facing immediate resistant at 23.24 The resistant level at 23.24 is significant as it is the high for the year. Coincidently, it is also the… Continue reading RedHat (RHT) : Bullish Cross with a Resistant

Red Hat, Inc. to Replace CIT Group Inc. in S&P 500

First congratulation to RedHat; a testament to the growing importance of its contributions to businesses. Red Hat, Inc. will replace CIT Group Inc. in the S&P 500 after the close of trading on July 24 http://www.reuters.com/finance/stocks/keyDevelopments?symbol=CIT.N&timestamp=20090717215400&rpc=66 Are we also seeing a sign that tech stocks are replacing financial institutes on the indices. First we have… Continue reading Red Hat, Inc. to Replace CIT Group Inc. in S&P 500