RHT Crosses Above Key Moving Average Level

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In trading on Tuesday, shares of Red Hat Inc (Symbol: RHT) crossed above their 200 day moving average of $74.88, changing hands as high as $75.08 per share. Red Hat Inc shares are currently trading up about 2% on the day. The chart below shows the one year performance of RHT shares, versus its 200 day moving average: Red Hat Inc 200 Day Moving Average Chart

Looking at the chart above, RHT's low point in its 52 week range is $59.59 per share, with $84.44 as the 52 week high point - that compares with a last trade of $75.14.

According to the ETF Finder at ETF Channel, RHT makes up 3.86% of the First Trust ISE Cloud Computing Index Fund ETF (Symbol: SKYY) which is trading higher by about 0.3% on the day Tuesday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: RHT , SKYY

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